{"id":3333,"date":"2021-10-18T11:09:45","date_gmt":"2021-10-18T11:09:45","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=3333"},"modified":"2021-10-18T11:09:45","modified_gmt":"2021-10-18T11:09:45","slug":"pakistani-rupee-hits-all-time-low-against-us-dollar","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/pakistan\/pakistani-rupee-hits-all-time-low-against-us-dollar\/","title":{"rendered":"Pakistani rupee hits all-time low against US dollar"},"content":{"rendered":"<p>KARACHI: The US dollar continued to soar against the Pakistani rupee, reaching a new historic high during intra-day trading in the inter-bank market on Monday.<br \/>\nThe Pakistani rupee continued to weaken, shedding an additional 82 paisas against the US dollar, which was being traded at Rs173 in the during intra-day trading in the inter-bank market.<br \/>\nLast week, speaking at the launch of the Kisan Portal, Prime Minister Imran Khan had said that the pressure on the Pakistani rupee is temporary and will be over soon.<br \/>\nEconomists say that the main reason for the rise in the value of the dollar and the depreciation of the rupee is Pakistan&#8217;s current account deficit and IMF&#8217;s demand for further devaluation of the rupee.<br \/>\nAnalysts had earlier predicted that the downtrend is expected to end soon as analysts suggest that the successful conclusion of the discussion between the IMF and Pakistan to resume a $6 billion loan programme will stabilise the rupee value at around current levels.<br \/>\nThe rupee volatility will end if policy talks between Pakistan and the IMF conclude successfully during the three days from October 13 to 15,\u201d Pakistan-Kuwait Investment Company Head of Research, Samiullah Tariq, had told a private news channel.<br \/>\nHowever, in case the two sides fail to find a middle ground and talks end on an unsuccessful note, the rupee may cross several limits on the downside.<br \/>\n<em><strong>Read more:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/pti-govt-drops-petrol-bomb-on-masses.html\" target=\"_blank\" rel=\"noopener noreferrer\">PTI govt drops petrol bomb on masses<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: The US dollar continued to soar against the Pakistani rupee, reaching a new historic high during intra-day trading in the inter-bank market on Monday. The Pakistani rupee continued to weaken, shedding an additional 82 paisas against the US dollar, which was being traded at Rs173 in the during intra-day trading in the inter-bank market. [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":2859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9,2],"tags":[1838,525,1837,1244,160,273],"class_list":["post-3333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest-news","category-pakistan","tag-inflation-in-pakistan","tag-prime-minister-imran-khan","tag-pti-govt-drops-petrol-bomb-on-masses","tag-us-dollar","tag-imf","tag-pti-government"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/3333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=3333"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/3333\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/2859"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=3333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=3333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=3333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}