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Pakistan's rupee biggest 1-day decline in over 20 years

Pakistan’s rupee set a new record low of 259.7148 against the US dollar. It slumped more than 4% on Friday. This was triggered by Pakistan’s money exchange companies which decided to abolish the limit on dollar-rupee rate in the open market.

Pakistan’s rupee set a new record low of 259.7148 against the US dollar. It slumped more than 4% on Friday. This was triggered by Pakistan’s money exchange companies which decided to abolish the limit on dollar-rupee rate in the open market.

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Biggest 1-day declineeconomic crisisPakistanPakistan's Rupee