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HomeBusinessPakistani Rupee hits another low

Pakistani Rupee hits another low

The Pakistani rupee shattered all previous records on Tuesday, falling to a new low of 225 against the dollar in the open market today.

The Pakistani rupee has reached new lows as a result of political unrest brought on by the PML-N’s crushing defeat in the Punjab by-elections and import pressure.

Analysts contend that there are additional forces at work in addition to the domestic political and economic environment.

After March 26, 2020, it was the highest day-to-day depreciation.

The rupee hit a historic low against the dollar on June 22 when it closed at 211.93, and since then, the currency has remained erratic.

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