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The managed currency dropped 3.7 percent to close at 119.84 per dollar on Monday, State Bank of Pakistan said in emailed statement. The rupee is Asia’s worst-performing currency this year, data compiled by Bloomberg show.
The devaluation comes amid a global emerging-market selloff that has convinc ..
Pakistan’s central bank devalued the rupee for a third time since December amid a worsening economy and speculation the country will need support from the International Monetary Fund.
The managed currency dropped 3.7 percent to close at 119.84 per dollar on Monday, State Bank of Pakistan said in emailed statement. The rupee is Asia’s worst-performing currency this year, data compiled by Bloomberg show.
The devaluation comes amid a global emerging-market selloff that has convinc ..
source https://economictimes.indiatimes.com/markets/forex/pakistan-said-to-devalue-rupee-for-third-time-since-december/articleshow/64540229.cms
The devaluation comes amid a global emerging-market selloff that has convinc ..

Pakistan’s central bank devalued the rupee for a third time since December amid a worsening economy and speculation the country will need support from the International Monetary Fund.
The managed currency dropped 3.7 percent to close at 119.84 per dollar on Monday, State Bank of Pakistan said in emailed statement. The rupee is Asia’s worst-performing currency this year, data compiled by Bloomberg show.
The devaluation comes amid a global emerging-market selloff that has convinc ..
source https://economictimes.indiatimes.com/markets/forex/pakistan-said-to-devalue-rupee-for-third-time-since-december/articleshow/64540229.cms
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