The rupee slid 3.3% to an all-time low of 300 a dollar on Thursday, according to the foreign-exchange desk at Arif Habib Ltd. Dollar bonds due 2031 rose from the lowest since November on Thursday and were indicated at 33.44 cents on the dollar.
Pakistan's rupee slumped to a new record low as the military stepped in to squash violent protests that erupted after former premier Imran Khan was arrested this week.
Amid widespread unrest in Pakistan following former prime minister Imran Khan’s arrest on Tuesday, its currency tumbled to a new record low as the country’s army stepped in to quell violent protests, Bloomberg reported.
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