ISLAMABAD – Pakistani Rupee hits the lowest level of history against USdollar in the open market.
Pakistani rupee continued to slide down against the dollar after Eid,reaching new all-time lows in the interbank and in open markets today.
The Pakistani rupee continued to weaken, shedding an additional Rs. 1.33against the US dollar, which was being traded at Rs 152.90 in the interbankmarket as it remained volatile throughout the whole day.
Following the rise in the interbank, the US dollar also strengthened in theopen market with a Rs. 1.50 increase and traded at Rs153.50.
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The greenback has risen by Rs. 4.30 since the market reopened after the Eidholidays and during June, the dollar has risen by almost Rs. 4.88.
The Pakistani rupee has witnessed volatility in the interbank and openmarket during the last few weeks.
