Pakistan Rupee plunges to 200 versus USD, Crisis deepens

Islamabad [Pakistan]: Pakistan Rupee on Monday breached the 200 mark versus the US dollar once more in the interbank market.

According to the State Financial Institution of Pakistan (SBP), the neighborhood money dropped Rs 2.14, or 1.07 percent, against the cash on Monday.
The Pakistani rupee dove to 200.06 as well as the sag is anticipated to proceed till the budget plan 2022-23 statement and revival of the multibillion-dollar International Monetary Fund (IMF) programme, reported Geo Information.

According to the State Financial Institution of Pakistan (SBP), the neighborhood currency dropped Rs 2.14, or 1.07 percent, against the paper money on Monday.

The last time the rupee had actually breached the 200 mark was on May 19, when there was greater uncertainty over the rebirth of the IMF loan program than currently.

The local currency shut at an all-time high of Rs 202 against the United States currency, reported media.

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