Rupee reaches another historic low

The Pakistani rupee has been on a downward trend for the past several days, crossing Rs193 against the US dollar on Friday, amid rapid depletion of foreign exchange reserves and concern over the renewal of the IMF programme.

After losing Rs1.23 in intraday trading on Friday, the currency was trading at Rs193. Since Monday, the euro has lost approximately 3% in the last five sessions.

 

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