Dollar reaches historic high of Rs204 in interbank
Business
The greenback was quoted around 204 against the local currency.
KARACHI (Dunya News) - The Pakistani rupee (PKR) continued taking a beat from the US dollar on Tuesday in intraday trade as it has lost around Rs3.94.
The greenback was being quoted around 204 against the local currency compared to Rs200.06 in the previous session close in the interbank market. In open market, US dollar was being traded around 205.
According to experts, the local unit is being pressurized by the delay in the IMF tranche. In addition, the State Bank of Pakistan (SBP) has not received $2.3 billion from China yet.
