Tag Archives: Dollar breaches Rs189 as IMF facility stalled

The US dollar continued its surge against the rupee on Thursday, breaching the Rs189 barrier in the interbank trade, a trend that is largely attributed to the stalling of an International Monetary Fund (IMF) loan facility as well as rising imports. According to the Forex Association of Pakistan (FAP), the greenback appreciated by Rs3 over Wednesday’s close of Rs186.13 to …

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