The currency has fallen about 20% against the dollar this year and analysts say its troubles are far from over. BMI expects the currency will weaken to 350 rupees per dollar by the end of next year, while Karachi-based brokerage Topline Securities Ltd. sees it depreciating to 324 rupees per dollar. It closed at 285.64 rupees per dollar on Monday.
KARACHI: The Pakistani rupee is set to end the year as Asia’s worst-performing currency and the losses are seen extending into 2024, Bloomberg reported.The currency has fallen about 20 percent.
Asia's Worst-Performing Currency Heads for Another Tough Year bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.