Tag Archives: Rupee suffers major loss on eve of IMF talks

KARACHI: As the first review under the IMF’s $3bn Stand-By Arrangement is set to start on Thursday (today), the rupee maintained a downward trajectory on Wednesday against the US dollar creating uncertainty about the future trend. The greenback has been appreciating for the last eight sessions but the appreciation of Rs1.18 on Wednesday shook the confidence of the importers and exporters as …

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