Rupee deteriorates to record low; dollar closes at Rs148

KARACHI: The Pak Rupee ended down against dollar on Friday and closed at Rs148.00 in interbank foreign exchange market.

The rupee was remained under pressure against dollar and shed Rs1.50 to close at Rs148.00 to the dollar from previous day’s closing of Rs146.50 in interbank foreign exchange market.

The rupee was touched historic lows during intra-day trading.

The interbank foreign exchange market was initiated in the range of Rs146.00 and Rs147.00. The market recorded day high of Rs150 and low of Rs147.50 and closed at Rs148.00.

The exchange in open market also witnessed depreciation of Pak Rupee.

The buying and selling of dollar was recorded Rs148.00/Rs150.50 from previous day’s closing of Rs146.00/Rs147.50 in cash ready market.

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