Pakistan rupee plunges in de facto devaluation as IMF talks loom - Vigasapuwath 24x7

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Tuesday, October 9, 2018

Pakistan rupee plunges in de facto devaluation as IMF talks loom

Reuters – The Pakistani rupee plunged about 7 percent on Tuesday (October 9) in an apparent central bank devaluation, while the stock market snapped a six-day skid after the government said it plans to seek a bailout from the International Monetary Fund (IMF). The country’s fifth devaluation since December, taking rupee losses to about 26 […]

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