Business
Pakistani rupee plunges to Rs153 against US dollar
In the last four business days, the dollar has risen by Rs9.60 against the Pakistani rupee.
KARACHI: Pakistani rupee plunged to a new all time-low in the interbank and open market on Tuesday as it continues to lose value against US dollar.
The greenback saw an increase of Rs1.36, touching Rs151. In the open market, the rate increased to Rs153.
Advertisement
In the last four business days, the dollar has risen by Rs9.60 against the Pakistani rupee.
The rupee has been falling against the dollar following an agreement with the International Monetary Fund on a $6 billon loan with expected strict conditions including a “market determined” exchange rate.
Share this story:
-
UN suspends ship escorts through Strait of Hormuz after vessel attack -
Ryanair scraps 'mandatory' family seating fees after policy tweak -
JPMorgan leadership shake-up: Marianne Lake exits, two executives take charge -
Ferrari marketing chief steps down after controversial EV launch -
Why airlines are still being told to avoid Iran’s airspace despite the new framework deal -
UK business activity contracts as Sterling eases amid Keir Starmer succession uncertainty -
Elon Musk’s SpaceX sees high volatility in first public week -
SpaceX reaches major financial milestone as shares tumble from record high
-
France mobilises €13 billion for tech sovereignty push -
Qantas set to make aviation history with world’s longest nonstop commercial flight from Sydney to London
-
Saudi Aramco expands oil storage capacity after global turmoil: Here's why
-
US banks to make final push on capital rule changes amid Fed review
