The Pakistani rupee reached a new low against the dollar on Tuesday, breaking below yet another crucial trading mark of 195.
Over the previous eight days, the local money traded at Rs195.5 rupees against the greenback while trading exceeded its last day’s all-time low of Rs194.18 rupees.
The delay in the receipt of the next tranche of $1 billion from the International Monetary Fund is putting additional pressure on the rupee.
