Pakistani currency on Monday depreciated Rs0.09 and closed at Rs278.30 against the US dollar in the inter-bank market as the International Monetary Fund (IMF) forecast further devaluation of the local currency over the next 13 months. The IMF expects the rupee to depreciate 18% to Rs329/$ by the end of June next year. According to the State Bank of Pakistan’s (SBP) data, the rupee had closed