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Economy Pakistan

Pakistani Rupee slides against US dollar despite news of IMF deal

News Desk
2023-07-06

    Pakistani Rupee slides against US dollar despite news of IMF deal

    KARACHI – Pakistani rupee comes under pressure against the US dollar, as itmoved down by 0.7 percent during the early hours of trading in theinter-bank market on Wednesday.

    During the intra-day trading, the local currency dropped by Rs2.01, and wasbeing quoted at 277.45.

    On Tuesday, PKR made a surprising comeback against the greenback, movingover Rs11 in light of an agreement signed with the International MonetaryFund (IMF).

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