Rupee Approaches Record Low as Pakistan Awaits Middle East Aid
- Rupee among worst-performing currencies globally in September
- Nation awaits billions of dollars of Middle East pledges
The rupee is about 0.4% away from 240.375 per dollar, the all-time low it reached earlier this year.
Photographer: Asim Hafeez/BloombergThis article is for subscribers only.
Pakistan’s currency is on the cusp of a record low, as billions of dollars of promised aid from the Middle East to bolster the hard-hit South Asian nation’s finances have yet to arrive.
The rupee is about 0.4% away from 240.375 per dollar, the all-time low it reached earlier this year. The currency is among the worst performers globally in September, having fallen more than 8%.