The Pakistani rupee maintained its downward trend for the ninth consecutive working day, as it fell by Rs1.58 against the US dollar in the interbank market on Wednesday.

The greenback was being traded at RsRs233.50 in interbank.

The rupee has been losing ground against the dollar since Sept 2. It fell by Rs9.2 during the last week to close at Rs228.18.

The greenback is on a winning streak despite State Bank of Pakistan (SBP) getting much needed funds from International Monetary Fund (IMF).

According to economic experts, decline of rupee is due to increase in the dollar indexes internationally as well as country’s soaring current account deficit.