Rupee shoots past 209 against US dollar

Rupee shoots past 209 against US dollar

Karachi: On Monday, the Pakistani rupee plunged further and crossed the 210 threshold against the US dollar in the interbank market for the first time. The domestic currency closed at Rs209.96 against the greenback in the interbank market after losing Rs1.21, or 0.65%, according to the State Bank of Pakistan (SBP). This is the seventh consecutive working day of free-fall in the rupee, losing approximately Rs6, or over 3%, to date.

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