Rupee continues plunging against the US dollar, setting seventh all-time low of 177.89 during nine sessions of December.
According to the State Bank of Pakistan, the dollar opened at Rs177.71 in the interbank market and closed at Rs177.89, shedding 10 paisas (-o.10 percent).
Within the open market, the rupee was traded at 179.50/180.30 per dollar.Earlier during this December, the dollar hit then highest ever levels of 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. Overall, the local currency shed 94 paisas against the greenback during the last week. —T LTP
