Rupee freefall continues as PKR slides to 240 in interbank
The rupee’s losses continued on Thursday as the local currency dropped to a record low of Rs240.5 against the dollar in the interbank market.
According to the Forex Association of Pakistan (FAP), the rupee lost 4.48, or 1.89 per cent, compared to yesterday’s close of 236.02 by 12:03 pm.
Consequently, the rupee was trading at 240.5 against the greenback.
Exchange Companies Association of Pakistan General Secretary Zafar Paracha laid the blame squarely on the country’s political situation and the government’s lack of action.
Retrieved from: https://www.dawn.com/news/1701974/rupee-freefall-continues-as-pkr-slides-to-240-in-interbank
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