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Dollar Gets Boost From Political Fear

by Web Desk

in BUSINESS, FINANCE, PAKISTAN, TOP STORIES

Reading Time: 1 min read

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KARACHI: Political uncertainty, widening current account deficit and dwindling reserves kept the rupee under pressure on Thursday, with a single US dollar now costing Rs239.

The rupee had closed in the interbank at Rs236.02 on Wednesday.

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It was the same rate it opened at on Thursday morning. But the latest economic data meant that the rupee continued to slip, falling by another Rs2.98 on Thursday.

Tags: Dollar dollar vs rupee Rupee

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