Pakistan, March 12 -- The rupee snapped a two-day winning streak against the US dollar in the inter-bank market on Monday and depreciated by four paisas. The State Bank of Pakistan (SBP) said that the rupee opened at 279.04 against the dollar in the interbank market and closed at 279.08, depreciating by 0.1 percent.

The local unit gained 15 paisas last week against the greenback. This was the second consecutive weekly win witnessed by the domestic unit against the mighty dollar. The local unit remained at the losing end in the first three sessions of the last week, however; the last two helped the currency gain ground. Overall, the rupee has improved by Rs9.21 during the current fiscal year 2023-24. The local unit improved by Rs0.39 in F...