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Rupee plummets by 9.6pc to record low of 255.43 in interbank market in a day: IMF mission to visit Pakistan to discuss bailout plan

KARACHI: The Rupee tumbled about 9.6 percent to a record low of 255.43 against the dollar on Thursday as the cash-strapped government eased its control over the currency to win much-needed loans. ....

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Pakistani rupee drops to record low amid economic crisis

Thursday’s drop in currency value by 9.6% has been the largest single-day decline in both absolute and percentage terms since 1999. ....

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Pakistani Rupee Plunges to Record Low of Rs 255 per Dollar After Currency Cap Lifted

The foreign exchange markets said that the currency cap had caused 'artificial' distortions and created a black market, where the US currency was selling at higher rates. ....

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