Abb Takk News

US Dollar Touches New High Against Pakistani Rupee

KARACHI: The US Dollar on Monday continued its surge against the rupee as it created a new high on Monday, rising to Rs169.60 in the interbank market.

The greenback closed at Rs169.60 on first business day of the week compared to previous closing of Rs169.08.

In the open market, the rupee closed at Rs171 against the US dollar. The previous all time-low was Rs169.12.

The rupee skidded to a record low of Rs169.12 on Sept 16 before recouping some losses after the intervention of the central bank.

Since the start of September the dollar increased by Rs3.21.