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Rupee falls to new low of 288 against US dollar

ByTeam BB

Apr 4, 2023

Pakistani rupee sinks further falls to new low of 288 against US dollar.

Pakistan’s rupee touched a record low on Tuesday as the country struggles to unlock critical International Monetary Fund (IMF) funding while dwindling foreign exchange reserves become another source of concern for investors.

The local unit, in the interbank market, is trading at 288 against the US dollar, 1.03%, or Rs2.96, down from Monday’s close of 285.04.

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