Rupee breaks all previous records against US dollar

The Pakistani rupee resumed its slide against the US dollar on Thursday, hitting an all-time low in the interbank market, surpassing 191.

The local currency finished at Rs191.77 against the greenback in the interbank market, down Rs1.7 (or 0.91 percent) from Wednesday’s record low of Rs188.66.

The local currency has continued to fall, confirming analysts’ projections that the country will suffer further losses in the future due to political and economic uncertainty.

 

Share this post