*KARACHI: No respite for falling Pakistani currency as rupee plunged to anall-time low against the US dollar in the interbank market on Thursday.*
According to forex dealers, the US dollar on Thursday reached an all-timehigh against the rupee, soaring to Rs188.02 in the interbank market duringintraday trading.
The domestic currency also lost ground in the open market and currentlytrading at over 188 against the greenback.
Experts say political chaos in the country is keeping the rupee underpressure.
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The Karachi Chamber of Commerce and Industry (KCCI) urged Tuesday the StateBank of Pakistan (SBP) to intervene to stem the continued fall of the rupeeagainst the US dollar.
KCCI president Mohammad Idrees aired concern over the domestic unitplunging to a record low of Rs186 against the greenback and urged thecentral bank to play its role to stop further depreciation of the rupee,which, he said, is taking a heavy toll on the country’s economy, especiallyinflation.
