- June 6, 2022
- Posted by: Stratford Team
- Category: Economy
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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.
