KARACHI: The rupee weakened against the dollar at Rs138.Fifty four/Rs138.Seventy nine within the inter-financial institution market on Thursday in comparison with Wednesday’s near of Rs138.Forty four/Rs138.Sixty three, in line with the nation bank of Pakistan (SBP).

ultimate week, the rupee fell to an all-time low at Rs144 in opposition to the greenback in intra-day buying and selling before convalescing to 139.05 in the sixth round of devaluation because December 2017. Cumulatively, the rupee has lost 31.8% of its fee in the last three hundred and sixty five days.

earlier in October, a slump within the value of the rupee got here after the government determined to knock on the global economic Fund’s (IMF) door to keep away from default on import payments and debt payments.

The relevant financial institution said monetary statistics confirmed that the fine impact of latest stabilisation measures had started out to emerge step by step.

posted within the express Tribune, December 7th, 2018.

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