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USD/INR (INR=X)
| Previous close | 81.4510 |
| Open | 81.4510 |
| Bid | 81.6700 |
| Day's range | 81.4510 - 81.6850 |
| 52-week range | 74.3530 - 83.3860 |
| Ask | 81.6800 |
- Reuters
Pakistani rupee plummets as markets adjust to removal of unofficial controls
KARACHI, Pakistan (Reuters) -The Pakistani rupee fell 9.6% against the dollar on Thursday, central bank data showed - the biggest one-day drop in over two decades - in a slump that may persuade the International Monetary Fund to resume lending to the country. The drop comes a day after foreign exchange companies removed a cap on the exchange rate, a key demand of the IMF as part of a programme of economic reforms it has agreed on with the cash-strapped South Asian nation. The currency's official value closed at 255.4 rupees against the dollar versus 230.9 on Wednesday, the central bank said.
- Reuters
Rupee rises on likely dollar inflows, gains in Asian peers
The Indian rupee rose against the U.S. currency on Wednesday, helped by likely dollar inflows and gains in most major Asian peers. The rupee last traded at 81.59 per U.S. dollar, compared with 81.72 in the previous session. It was a choppy session, with the local currency trading in a range of 81.50 to 81.76.
- Bloomberg
Pakistan’s Money Exchangers to Let Rupee Decline Slowly
(Bloomberg) -- Pakistan’s money exchange companies will let the currency drop slowly in the open market after deciding to abolish the limit on the dollar-rupee rate.Most Read from BloombergHindenburg’s Short Sell Call Shaves $12 Billion Off Adani StocksUS Confronts China Over Companies’ Ties to Russia War EffortJosh Kushner Is Richer Than Trump After Billionaires Back His FirmUS and Germany Set to Send Tanks to Ukraine, Breaking DeadlockDoomsday Clock Moves to 90 Seconds to Midnight — the Closes
