Pakistan lets rupee devalue as finances wobble before election
(WorldNews Pakistan)

The Pakistani rupee has dropped 13.8% this year followed by the Indian rupee falling 6.9%. business Updated: Jul 16, 2018 17:47 IST Faseeh Mangi Bloomberg Follow Story Follow Story --> Pakistan’s central bank devalued the rupee for the fourth time since December seeking to slow depletion of its foreign-exchange reserves before a national election in nine days. The currency, whose rate is set by the central bank, dropped as low as 5.3% to 128 a dollar at the close, according to State Bank of Pakistan data compiled on Bloomberg. The rupee is the worst performer in Asia this year,...