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Pakistani Rupee Hits All-Time Low Against US Dollar

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The Pakistani rupee hit an all-time low against the US dollar by plunging to Rs157 (42.70 against the UAE dirham) in the interbank market on Friday due to rising debt payments and dwindling foreign exchange reserves of the country. 

In the last five working days, the rupee has lost Rs7.70 against the dollar and it is expected to remain under pressure in the coming weeks





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