KARACHI: Pakistani rupee on Tuesday maintained its downward streak against the US dollar, breaching yet another important threshold of 195 the interbank market to hit its weakest level.
In line with the prevailing trend over the last eight working days, the local currency was being traded at Rs195.5 against the greenback during intraday trading surpassing its last day’s record low of Rs194.18.
A persistent delay in the receipt of the next tranche of $1 billion from the International Monetary Fund (IMF) is mounting pressure on the rupee.
More to follow…
