The rupee set another fresh low against the US dollar on Wednesday, closing in on the 178 mark.
According to the State Bank of Pakistan, the dollar opened at Rs177.88 in the interbank market and closed at Rs177.98, shedding 10 paisas (-o.06 percent). Within the open market, the rupee was traded at 180/181 per dollar.
This is the eighth all-time low of Pakistani rupee against the greenback during the current month. The dollar hit then highest ever levels of Rs177.89 on December 13, Rs177.71 on December 10, Rs177.61 on December 9, Rs177.43 on December 8, Rs176.79 on December 7, Rs176.77 on December 3 and Rs176.42 on December 02. —TLTP
