The Pakistani currency registered losses for the fifteenth session in a row as the US dollar approached a record high.
On Thursday, the rupee decreased in value from the interbank market’s close of 239.65, to 239.71.
The rupee is currently just Rs0.23 away from reaching an all-time low of Rs239.94 on July 28, 2022.
Due to a number of factors and circumstances, the rupee has been one of the worst-performing currencies in emerging markets and has fallen by about 9% so far this month.
The rupee was momentarily strengthened in late August by the revival of the International Monetary Fund (IMF) bailout program and the release of a $1.1 billion loan tranche from the Fund last month.
The Pakistani currency is once again struggling to perform despite the IMF loan.
