Rupee likely to weaken further July 25, 2021 KARACHI: Rupee would likely continue to trade under pressure next week on account of high demand for hard currency and diminished supply, while US dollar appreciation against the basket of major currencies would also weigh down the local unit. The rupee saw two sessions of volatility and plunges this week fuelled by higher imports, spike in international commodity prices, and deteriorating current account balance. Traders did not hold their breath ahead of a closely-watched monetary policy meeting scheduled by the State Bank next week. Domestic currency fell by 0.52 percent to 162.32 versus the greenback in the interbank market.