Economy / Pakistan
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No End In Sight For Rupee's Woes
August 2008 | Market AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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It has been a dismal week indeed for the rupee, with a new record low of PKR76.90/US$ set today, translating into a weekly slide of 6.3%. News that President Pervez Musharraf is ready to resign - although he has not confirmed them himself - appear to have rattled the unit, and as we have pointed out before, there is no obvious floor from here.