US dollar touches 3 years high against Pakistani Rupee
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KARACHI: The political turmoil in Pakistan has started to hit it's economy as the Pakistani Rupee has started to take pressure of the uncertain political scenario.
The US dollar surged to its 2.5-year-high against the Pakistan Rupee in the interbank market on Wednesday, touching Rs108.
After closing at Rs104.90 on Tuesday, the dollar gained Rs3.12 to hit Rs108 today.
In the curb market NBP exchange quote was Rs105.90/106.40, lower than the interbank rate.
According to sources, foreign investment outflows from the Pakistan Stock Exchange have resulted in the surge.