Rupee hit new low against dollar at Rs169.97

Rupee hit new low against dollar at Rs169.97

KARACHI: The Pak Rupee (PKR) fell to another record low against the dollar on Tuesday to end at Rs169.97 in the interbank foreign exchange market.

The rupee lost 37 paisas against the dollar to end at a new historic low of Rs169.97 from previous day’s record low of Rs169.60 in the interbank foreign exchange market.

Currency experts said that due to higher international oil prices and other external payments kept the dollar demand high.

They said that widening of the current account deficit and trade deficit during the first two months also put pressure on exchange rates.

The rupee has lost around 12.43 against the dollar since July 01, 2021.

Leave a Reply

You have to agree to the comment policy.