×

Pakistani rupee weakens 3.25 pct; finance minister slams "artificial" drop

ISLAMABAD, July 5 (Reuters) - The Pakistani rupee weakened 3.25 percent in trading against the dollar on Wednesday in what analysts speculated could be a central bank-led devaluation to shore up the economy.

Pakistani Finance Minister Ishaq Dar said in a statement he felt "deep concern and indignation" at what he called an artificial weakening of the currency.

The rupee fell to 108.00 against the dollar by Wednesday afternoon, its weakest level in years, after closing at 104.896 on Tuesday. (Writing by Kay Johnson; Editing by Sonya Hepinstall)