Pakistan’s rupee hit a record low against the US dollar on Tuesday, with the interbank market closing at 287.29 against the greenback. The figure is down 0.78% on Monday’s close of 285.04. The country has missed deadlines to receive IMF funding, with the lending institution asking Pakistan to secure new loans from Saudi Arabia and the United Arab Emirates before any bailout can be paid. Additionally, contracting forex reserves have caused investors to worry about the country’s economic state. The foreign exchange reserves held by Pakistan’s central bank have fallen to just $4.24bn.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings
November 9, 2026