Rupee slips to new all-time low

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KARACHI:

The rupee weakened in opposition to the US greenback at Rs176.78 within the inter-bank market on Tuesday in contrast with Monday’s shut of Rs176.48, based on the State Financial institution of Pakistan (SBP).

That is an all-time low worth for Pakistani forex as demand for the overseas forex stands increased in comparison with its provide within the wake of increasing present account deficit, swelling imports, rising international commodity costs and uncertainty in regards to the resumption of IMF mortgage programme.

Revealed in The Specific Tribune, December 8th, 2021.

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