Rupee hits record low against US dollar

Rupee hits record low against US dollar
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Summary Pakistani rupee hit a record low as it traded at 91.35 to dollar in open market.

Pakistan rupees rate has mostly been in a continuous declining trend against US dollar and other major currencies of the world since the year 2012 started.Most of the analysts were pointing out that the raise of exchange rate on account of oil transactions, whenever Pak rupee forex rate lose its strength against US Dollar rate.The other currencies also get impact with a view of the currency rates in Pakistan from the beginning of Jan 2012.As per Inter Bank currency rates on Jan 3, the selling rate of Pak rupee against US dollar was Rs 89.8 while the buying rate touched Rs 89.6. Similarly, Rs.116.52 was selling and Rs 116.26 against Euro rate.--Online

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