Pakistani Rupee Pakistani Rupee plunges to 200.50 against US dollar
Islamabad: The Pakistani Rupee once again plunged to 200.50 against the US dollar in the interbank market.
It happened amid concerns over the upcoming budget 2022-23 and revival of the multibillion-dollar International Monetary Fund (IMF) programme fueled a downtrend.
Today's downtrend when the currency market opened was followed by a reversal on Friday in the rupee's momentum as it shed 0.17% to close at Rs197.92 against the US dollar in the interbank market, reports Geo News.
The last time the rupee had breached the 200-mark was on May 19, when there was higher uncertainty over the revival of the IMF loan programme than now.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
