KARACHI: The Pak Rupee has plunged to another historic low against dollar on Tuesday owing to panic in the financial markets.
The rupee fell by Rs2.35 to end at Rs152 to the dollar from last day’s closing of Rs149.65 in interbank foreign exchange market.
The dollar made a new historic high to reach Rs152 and likely to fell more due to higher demand.
The interbank foreign exchange marked was initiated in the range of Rs151.00 and Rs152.00.
The market recorded a high of Rs152.50 and low of Rs151.75 and closed at Rs152.00.
The exchange rate in open also witnessed historic low of Rs153.50 to the dollar in the cash ready market.