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Published: April 28, 2025 10:52 PM IST
By Abhijeet Sen | Edited by Abhijeet Sen
Bad news for Pakistan: Amid the threats of war between India and Pakistan, the economy of both the countries is taking the toll and most importantly, the currencies of both the countries is devaluating like nothing. In a matter of worry for Pakistan, its currency is currently in a dire state. As per the recent update, the Pakistani Rupees is falling behind the currencies of several smaller nations and it has even fallen behind the currency of Afghanistan. Here are all the details you need to know about the fall of Pakistani rupee.
It has also been reported that besides Afghanistan, the Pakistani rupee has gone weaker than the currencies of many other Asian countries, including Nepal, Bhutan, Bangladesh, Iraq, and China.
Pakistan continues to reel under a severe economic crisis, and if we look at the current exchange rate, one US dollar is equivalent to 306.33 Pakistani rupees. This stark decline shows that the rupee isn’t just trailing behind major economies but is also underperforming compared to many much smaller countries.
Notably, both the countries have faced significant economic issues after the Pehalgam terror attack but experts have it that Pakistan’s economy has gone near to insolvency.
The Indian rupee ended weaker in a volatile session on Friday as investors stayed cautious amid fears of an escalation in tensions with Pakistan after a militant attack in Kashmir earlier this week. The rupee ended 0.2% lower against the U.S. dollar at 85.45 compared with its previous close of 85.26. It moved between 85.09 and 85.6550 on Friday, as per a report carried by Reuters.
The nuclear-armed nations have unleashed a raft of measures against each other, with India keeping a critical river water-sharing treaty in abeyance and Pakistan closing its airspace to Indian airlines, among other steps.
(With inputs from agencies)
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