Published in The Express Tribune, September 27th, 2011.
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The local unit closed at 89.80 in the open market
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@Raj: No TTP( Tehrek-e-Taliban Pakistan) has claimed responsibility for the Rupee depreciation.
In 1947, Pakistani Rupee was at par with Indian Rupee because they both were pegged against British Pound. Today Indian Rupee is 47.35 and Pakistani Rupee is 89.80 per one USD. Is it a conspiracy by CIA, RAW and Mossad?