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Rupee plunged to a historic low on Tuesday, depreciating by 0.6% against the US dollar in the interbank market.
The local currency fell by 1.87 against the greenback which was exchanging hands at 299 during the intraday trade, according to the Exchange Companies Association of Pakistan (ECAP).
Its previous record low was 298.93, which was hit on May 11.
On Monday, the rupee closed at 297.13 against the dollar as compared to Friday’s close of Rs295.78.
More to follow…
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