The Pakistani rupee shed marginally against the US dollar in the interbank trading on Thursday as the country is passing through a political transition, reported 24NewsHD TV channel.

According to the State Bank of Pakistan, the local currency depreciated by 14 paisas against the greenback and ended the day at Rs287.60.

https://twitter.com/StateBank_Pak/status/1689596308649299974

On Wednesday, the Pakistani rupee saw slight improvement against the US dollar and appreciated 0.16% to settle at Rs287.46.

https://twitter.com/StateBank_Pak/status/1689243292637261825

In a key development, the Senate Standing Committee on Finance had held that targeted Letters of Credit (LCs) is discriminating against the manufacturers and directed the SBP to provide a level-playing field to all the stakeholders.

The committee has shown displeasure over the delay and interference in the opening of LCs.

https://twitter.com/StateBank_Pak/status/1689597171400855552

Reporter Ashraf Khan