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Pakistani Rupee hit all time low over external financing concerns

admin-augaf by admin-augaf
May 10, 2022
in Business, Finance
Reading Time: 1 min read
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Pakistani Rupee hit all time low over external financing concerns

Pakistani Rupee hit all time low over external financing concerns

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Karachi May 10 2022: Pakistan Rupee plunges to all time low of 188.66 against the US dollar as it drop by 1.13 or 0.6% on Monday 10th 2022 as per State Bank of Pakistan.

Pakistan Rupee on its downward trajectory over fear of rapid depletion in foreign exchange reserves and uncertainty over the revival of the International Monetary Fund (IMF) programme.

Previous time rupee hit low on 7th April 2022, when it drops to 188.45 against the US dollar.


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Dollar in the interbank nears 188 against dollar

SBP reduced USD Special Cash Reserve requirement to support PKR


Tags: Pak RupeePKRUSD
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