Pakistan rupee up Rs4.50 as govt goes after market manipulators

US dollar continues to shed value against Rupee


KARACHI: The dollar continued its slide against the Pakistani rupee among banks on Wednesday, down 59 paise to settle at 197.87 rupees.

The dollar is now down Rs 4.14 from its all-time high. On May 26, the dollar reached a high of 202.01 rupees.

The dollar fell days after the government scrapped some fuel subsidies. The dollar closed at 198 rupees in the open market on Wednesday after falling 30 paise.

In the open market, the dollar has lost Rs 5 since a high of Rs 203.

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