{"id":310771,"date":"2023-01-31T09:02:24","date_gmt":"2023-01-31T04:02:24","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=310771"},"modified":"2023-01-31T09:02:24","modified_gmt":"2023-01-31T04:02:24","slug":"pakistani-rupee-crashes-to-rs269-against-us-dollar","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/pakistani-rupee-crashes-to-rs269-against-us-dollar\/","title":{"rendered":"Pakistani rupee crashes to Rs269 against US dollar"},"content":{"rendered":"<p>ISLAMABAD: The toothless Pakistani rupee kept suffering at the hands of mighty US dollar as the greenback topped the Rs269 mark in the interbank trading on Monday. According to the forex dealers, the US dollar resumed its hammering of the local currency and it appreciated by Rs8.90 as in the interbank trading by Monday noon. The greenback was currently being traded at Rs269.50. On the last trading day on Friday, Pakistani rupee had witnessed significant depreciation against the US dollar in the inter-bank market, falling 2.73%. DNA<br \/>\nAs per the State Bank of Pakistan (SBP), the rupee had closed at 262.60 after a fall of Rs7.17.<br \/>\nThe depreciation comes as Pakistan moves to convince the International Monetary Fund (IMF) that it has a no-holds-barred exchange rate, ahead of the Fund\u2019s visit to Islamabad. Many analysts said the rupee was bound to see significant depreciation as part of the prior conditions to revive the IMF bailout programme. The IMF had also announced its mission will visit Pakistan from January 31-February 9 to continue the discussions for the 9th review under the Extended Fund Facility (EFF).<br \/>\nThe IMF programme revival has been deemed crucial in the face of fast-depleting foreign exchange reserves held by the SBP that dropped a massive $923 million to a mere $3.7 billion, data released on Thursday last showed. This was the lowest level of SBP-held reserves since February 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The toothless Pakistani rupee kept suffering at the hands of mighty US dollar as the greenback topped the Rs269 mark in the interbank trading on Monday. According to the forex dealers, the US dollar resumed its hammering of the local currency and it appreciated by Rs8.90 as in the interbank trading by Monday noon. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-310771","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistani rupee crashes to Rs269 against US dollar<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/pakistani-rupee-crashes-to-rs269-against-us-dollar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistani rupee crashes to Rs269 against US dollar\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD: The toothless Pakistani rupee kept suffering at the hands of mighty US dollar as the greenback topped the Rs269 mark in the interbank trading on Monday. According to the forex dealers, the US dollar resumed its hammering of the local currency and it appreciated by Rs8.90 as in the interbank trading by Monday noon. 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According to the forex dealers, the US dollar resumed its hammering of the local currency and it appreciated by Rs8.90 as in the interbank trading by Monday noon. 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