Rupee hits all time low against dollar

KARACHI: The Pak Rupee ended down to hit all time low against dollar at closing on Monday owing to pressure from payment for import and corporate.

The rupee ended down by 16 paisas to close at Rs156.99 to the dollar from last Friday’s closing of Rs156.83 in interbank foreign exchange market.

The foreign exchange market initiated at Rs156.98 and Rs157.00. The market recorded day high of Rs157.00 and low of Rs156.75 and closed at Rs156.99.

The exchange rate in open market also witnessed depreciation in local currency value.

The buying and selling of dollar recorded at Rs156.00/Rs156.70 from last Saturday’s closing of Rs155.70/Rs156.70 in cash ready market.

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