{"id":8608,"date":"2022-06-06T15:22:48","date_gmt":"2022-06-06T15:22:48","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=8608"},"modified":"2022-06-06T15:23:34","modified_gmt":"2022-06-06T15:23:34","slug":"rupee-plunges-to-rs200-06-against-dollar","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/rupee-plunges-to-rs200-06-against-dollar\/","title":{"rendered":"Rupee plunges to Rs200.06 against dollar"},"content":{"rendered":"<p>KARACHI: The rupee plunged by Rs2.14 against the dollar on Monday, owing to a steep fall in the foreign exchange reserves and the rumours of freezing foreign currency accounts, dealers said.<\/p>\n<p>The exchange rate ended at Rs200.06 against the greenback from last Friday\u2019s closing of Rs 197.92 in the foreign exchange market.<\/p>\n<p>The dealers said the rupee was under pressure due to a sharp decline in the foreign exchange reserves and panic in the market, owing to the reports of the government\u2019s action to freeze the foreign currency accounts.<\/p>\n<p><em><strong>Read more:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/business\/miftah-ismail-rules-out-imposition-of-financial-emergency-in-pakistan.html\" target=\"_blank\" rel=\"noopener noreferrer\">Miftah Ismail rules out imposition of financial emergency in Pakistan<\/a><\/strong><\/em><\/p>\n<p>The rupee hit an all-time low of Rs202.01 against the dollar on May 26, 2022. However the same day, the government decided to increase the petroleum prices to pave the way for the resumption of the IMF loan programme.<\/p>\n<p>Following this decision, the rupee made a significant recovery to Rs197.59 on June 2, 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: The rupee plunged by Rs2.14 against the dollar on Monday, owing to a steep fall in the foreign exchange reserves and the rumours of freezing foreign currency accounts, dealers said. The exchange rate ended at Rs200.06 against the greenback from last Friday\u2019s closing of Rs 197.92 in the foreign exchange market. The dealers said [&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],"tags":[443,572,160],"class_list":["post-8608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-dollar","tag-sbp","tag-imf"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/8608","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=8608"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/8608\/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=8608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=8608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=8608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}