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Pakistani Rupee

Image: Wikimedia Commons

Pakistani Rupee plunges to 200.50 against US dollar

India Blooms News Service | @indiablooms | Jun 06, 2022, at 09:25 pm

#Pakistan #PakistaniRupee

Islamabad: The Pakistani Rupee once again plunged to 200.50 against the US dollar in the interbank market.

It happened amid concerns over the upcoming budget 2022-23 and revival of the multibillion-dollar International Monetary Fund (IMF) programme fueled a downtrend.

Today's downtrend when the currency market opened was followed by a reversal on Friday in the rupee's momentum as it shed 0.17% to close at Rs197.92 against the US dollar in the interbank market, reports Geo News.

The last time the rupee had breached the 200-mark was on May 19, when there was higher uncertainty over the revival of the IMF loan programme than now.

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