Adnan agar - Latest News Update, Information, Photos & Videos on Adnan agar at Lokmat Times

Karachi, May 17 The Pakistani rupee continued to tumble against the US dollar, breaching yet another important threshold of 196 in the interbank market to hit its weakest level on Tuesday, media reports said.Maintaining its downturn for the eighth successive working day, the Pakistani rupee was being traded at Rs 195.74 against the greenback surpassing its last low, Geo News reported.A persistent delay in the receipt of the next tranche of $1 billion from the International Monetary Fund (IMF) is mounting pressure on the rupee.The situation is likely to remain uncertain for the local currency, Commodities Director Adnan Agar said as the local unit fell below 196-mark against the greenback during the trading session on Tuesday."If the government decides to remove subsidies on petroleum products, the rupee will bounce back," he said, adding that the local unit will remain within the range of 180-185.Agar, however, added that if the government decided to dissolve the Assembly and move towards early elections, the situation for the already tumbling currency market will deteriorate.Since the beginning of this fiscal year (July 1, 2021) to date, the rupee has collectively dropped by a massive 24.24 per cent (or Rs 38.2) compared to the previous fiscal year's close at Rs 157.54.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Adnan Agar, NewsFOLLOW

Adnan agar, Latest News

Politics :'IMF giving us tough time', Pak rupee plunges after Shehbaz's comments

Karachi, Feb 3 The Pakistani rupee on Friday plunged to a historic low against the US dollar after ... ...

International :Pakistani rupee falls to yet another historic low against US dollar

Karachi, May 17 The Pakistani rupee continued to tumble against the US dollar, breaching yet another important threshold ... ...