Dollar makes new high at PKR169.25 in early trade

Dollar makes new high at PKR169.25 in early trade

KARACHI: The US dollar has continued its upward trajectory against the Pak Rupee (PKR) in early trade on Wednesday.

The dollar/rupee parity was at Rs169.25 during early day trading in the interbank foreign exchange market.

A day earlier i.e. September 14, 2021, the rupee ended at Rs168.94 to the dollar, recording the all-time low against the foreign currency. The previous low was Rs168.44 to the dollar was recorded on August 26, 2020.

So far in the early trade, the rupee lost 31 paisas against the greenback. Currency experts said that immediate support is required to stabilize the local currency.