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Rupee hits new record low against US dollar

dollar vs rupee

KARACHI: The Pakistani rupee continued to lose ground and hit a new record low against the United States (US) dollar in the inter-bank currency market on Thursday.

The local currency finished at 173.96 against the greenback, registering depreciation of Rs0.49 or 0.28 percent over the previous close of Rs173.47, according to the State Bank of Pakistan (SBP).

The rupee’s slide against the US dollar continues despite a number of measures introduced by the State Bank to ease the pressure on the exchange rate.

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