Tag Archives: Rupee tumbles by nearly Rs19 against dollar in interbank amid IMF delays

The Pakistani rupee sank sharply by Rs18.74 against the dollar in the interbank market on Thursday, with the local currency trading at a historic high of Rs284.85 in morning trade, according to data shared by the Exchange Companies Association of Pakistan (Ecap). Analysts attributed the record drop — which is 7.04pc — to the government’s impasse with the International Monetary …

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