Pakistani rupee: Asia’s worst-performing currency heads for another tough year

November 28, 2023

The currency has fallen about 20% against the dollar this year and analysts say its troubles are far from over. BMI expects the currency will weaken to 350 rupees per dollar by the end of next year, while Karachi-based brokerage Topline Securities Ltd. sees it depreciating to 324 rupees per dollar. It closed at 285.64 rupees per dollar on Monday.

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