Rupee dips to all-time low amid IMF tranche uncertainty
The devaluation of the Pakistani rupee continued on Tuesday after it fell to a record low in the interbank against the US dollar.According to forex dealers, the rupee dropped by Rs1.54 against the greenback in the interbank market during early morning trade.The US dollar is trading at Rs205.40 against rupee.In the open market, the US dollar is being sold at between Rs 206 and Rs 208.According to the State Bank of Pakistan (SBP),the currency had closed at an all-time low of Rs203.86 per dollar the other day.
Credit:
Independent News Pakistan-INP
