On the third day of the trading week, the Pakistani rupee continued to fall against the US dollar in the interbank currency market.
According to FX traders, the Pakistani rupee hit a new all-time low against the US dollar today, falling to Rs173.50. At the start of the trading day, the greenback was up 37 paisa’s.
The rupee finished at Rs172.72 versus the US dollar on Monday. Despite a variety of measures taken by the State Bank to reduce the pressure on the exchange rate, rising demand for the US dollar is driving up its value.
