Friday , December 14 2018
Breaking News
Home / Markets / Currencies / Pak rupee further depreciates against dollar
Pak rupee further depreciates against dollar

Pak rupee further depreciates against dollar

KARACHI: The Pakistani rupee on Wednesday further lost value against the US currency both in open market and interbank.

As per the local money market, the dollar added Rs1 in open market for buying at Rs133.50 and Rs1.50 for selling at Rs135.50. The dollar also gained five paisas in interbank for buying at Rs 133.20 and 35 paisas for selling at Rs134.40.

On Tuesday, the dollar gained Rs5.30 in open market for buying at Rs132.50 and Rs6.30 for selling at Rs134. The dollar also added Rs9.15 in interbank for buying at Rs 133.25 and Rs9.45 for selling at Rs133.75.

The rupee which closed trading at Rs124.27 on Monday shot up to Rs134 on Tuesday in the interbank market before touching a record high of Rs139 before falling to Rs134 against the greenback.

Sources revealed that this trend shows that it has started from 107 and touched 139 mark in a short period of few months and the same technical trend shows it could even touch the lowest mark of 155 vs US dollar.