The Pakistani rupee (PKR) fell for the third straight day against the US dollar (USD) on Thursday. It opened at 277.6 in the interbank market and stayed bearish throughout the day. By the end of trading, the rupee closed at 277.84, losing 10 paisas against the dollar.
In the open market, the PKR traded between 278 and 281 against the USD. The rupee’s depreciation follows recent economic challenges, including rising inflation and external pressure on Pakistan’s foreign exchange reserves.
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Market analysts expect the rupee to face further volatility due to ongoing economic uncertainties. The currency’s performance is being closely watched by investors and financial experts as Pakistan grapples with both domestic and international financial pressures.
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