US greenback hits double century, busts all earlier information to commerce at Rs200 in interbank

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KARACHI: With the uncertainty over the revival of the Worldwide Financial Fund (IMF) mortgage programme amid growing political strain on the federal government to announce snap polls, the Pakistani rupee slumped to a brand new historic low within the interbank market.

With a contemporary decline of Rs1.81, or 0.91%, the native forex was buying and selling at Rs200.20 towards the buck at 10:13am throughout intraday commerce on Thursday, Tresmark reported.

The home forex has maintained the downturn on the 10th consecutive working day because it cumulatively almost 8% or Rs15. The forex hit a file low of Rs188.66 on Might 10. It then plunged to Rs190.02 on Might 11, fell over Rs191 on Might 12, reached Rs192.52 on Might 13, sank under Rs194 on Might 16, right down to Rs195.74 on Might 17 and closed at Rs198.39 yesterday (Might 18).

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