KARACHI: The rupee continued to fall against dollar in the inter-bank market on Friday, depreciating by Rs3.58. The greenback was being traded at Rs229 in the early morning trade.

The development comes as the dollar dips in the Asian market. Currency experts were of the view that the inflow from the International Monetary Fund would decrease the pressure on the rupee, however, it did not stay for long.

More than Rs10 has increased in the dollar value in one week. The dollar was being traded at 237 in the open market. Sources attributed such a jump to a lack of response from other global lenders and friendly countries to Pakistan.

The rupee on Thursday closed at Rs225.42 in the inter-bank market, the State Bank of Pakistan said.

However, Asian shares rose on Friday, buoyed by a pullback in the dollar and hopes for stimulus from Beijing, while markets digested hawkish comments from the US Federal Reserve chief and the European Central Bank on the rate hike path ahead, Reuters reported.

Cautious optimism is set to continue in European markets, with the regionwide Euro Stoxx 50 futures last up 0.3%, German DAX futures rising 0.2% and FTSE futures FFIc1 0.4% higher.