Rupee value keeps shrinking

Karachi: On May 25, the Pakistani rupee dropped to a historic low of Rs201.92 against the US dollar as an ongoing political crisis lessened confidence in the currency. According to data released by the State Bank of Pakistan (SBP), the local currency shed 0.25% against the greenback today. The ongoing political drama in the wake of PTI’s ‘Azadi March’ also added fuel to the freefall of the local currency.