PKR makes new historic low at Rs170.66 against dollar

PKR makes new historic low at Rs170.66 against dollar

KARACHI: The Pak Rupee (PKR) witnessed a new historic low at Rs170.66 against the dollar on Thursday owing to demand for import and corporate payments.

The rupee fell by 18 paisas to Rs170.66 against the dollar from the previous day’s closing of Rs170.48 in the interbank foreign exchange market.

Currency experts said that persistent demand for the dollar had further deteriorated the rupee value.

The rupee recorded a decline of Rs13.12 against the dollar since the closing of Rs157.54 on June 30, 2021.

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