Pakistan rupee slumps to a record low against US dollar
LAHORE (MNP) – The rupee slid to the record-low level against the US dollar in interbank trading on Tuesday after touching the Rs299 mark at one point as the local currency lost Rs1.87 against the greenback.Previously, it was earlier this year on May 11 when the dollar had fetched Rs298.93 in official exchange rate.
On the other hand, the rupee was performing even worse in the open market with the dollar available for Rs312, representing a Rs8 loss during a single session.
The previous session on Monday saw the rupee shedding Rs1.35, or 0.45 per cent of its value, in the official exchange rate.
