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Islamabad–The Pakistani rupee surpassed all records on Wednesday, selling at above Rs190 against the dollar in the interbank market during intraday trading, to continue down a slide in the wake of the deepening economic crisis in the country.
The local currency was being traded at Rs190.07 in the interbank market, down Rs1.34 from Tuesday’s close of Rs188.66.
The rupee has continued a non-stop downward streak for the fourth successive working day as investors worried about the economic situation and economy, adding pressure on the central bank to rescue the falling currency.
The current decline was attributed to uncertainty concerning the International Monetary Fund (IMF) programme, coupled with an absence of direction from the government on major economic policies and a roadmap.
