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Battered, bruised, broken – rupee hits all-time low against dollar

News Desk by News Desk
June 20, 2022
in Business, Featured, Latest News, National, Top News, World
Reading Time: 1 min read
Rupee loses value as Dollar further rises to 174.10
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KARACHI: With economy in turmoil, no IMF bailout programme in sight, the rupee continued to take hits against the US dollar as it recorded its all-time low value at Rs210 in the interbank market on Monday.

The local currency had closed at Rs207.75 on Friday. With dollar trading at Rs210.3 on Monday morning, rupee recorded a loss of Rs2.55 against the dollar.

The country’s local banks have reportedly run out of dollars. If the deal with the IMF is not negotiated successfully, Pakistan will default on all its loans.

News Desk

News Desk

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