Rupee May Plummet to 350 per Dollar in June, Amidst Escalating Conflicts
The Pakistani rupee has been experiencing a turbulent period in recent times, facing significant depreciation against major global currencies, particularly the US dollar. Economists are now voicing concerns over the possibility of the rupee hitting a new low of 350 per dollar in June, highlighting the adverse effects of the ongoing clashes between Prime Minister Imran Khan and the government. This article explores the current state of the rupee, the potential reasons behind its decline, and the implications of continued conflicts for Pakistan's economy. Over the past months, the Pakistani rupee has steadily weakened against the US dollar, causing anxiety among investors and economists alike. In May, it reached a significant low of 260 per dollar, and experts now suggest that it could plummet further to 350 in the coming month. This anticipated decline has led to intensified discussions on the economic stability of the country and the potential consequences of political conflicts. ...