Tag: interbank foreign exchange market

Intraday update: Pakistani rupee plunges to historic low of Rs290 against dollar amid political turmoil

May 10, 2023

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by

News Desk

in Business

On Wednesday, the Pakistani rupee (PKR) reached a historic low against the US dollar, falling to Rs290 during intraday trading at the interbank foreign exchange market. This decline is a major setback to Pakistan’s economy, as the rupee lost Rs5.16 in a single day compared to the previous day’s closing rate of Rs284.84.