Pakistani Rupee Dived to Rs 153 Against US Dollar

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Pakistani Rupee Dived to Rs 153 Against US Dollar

Pakistani rupee plunged to a new all time-low in the interbank and open market, on Tuesday, as it continues to lose value against US dollar.

The greenback saw an increase of Rs 1.36, touching Rs 151. In the open market, the rate increased to Rs 153.

In the last four business days, the dollar has risen by Rs 9.60 against the Pakistani rupee.

The rupee has been falling against the dollar following an agreement with the International Monetary Fund on a $6 billion loan, with expected strict conditions including a “market determined” exchange rate.