Rupee continues to slide

Rupee continues to slide in interbank market

The exchange rate shed 18 paisas to close at Rs225.82 against the dollar. The government’s stalled talks on ninth review have resulted in increased pressure. S&P Global cut Pakistan’s long-term sovereign credit rating by one notch to “CCC+”. KARACHI: The Pakistani rupee remained under pressure against the dollar on Monday owing to renewed concerns regarding the International Monetary Fund (IMF)

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