Pakistan News

Dollar Rate: Unstoppable dollar reaches unprecedented heights, sells at Rs152

KARACHI: The US dollar reached an unprecedented high of Rs152 in the open market on Monday morning, as the depreciation of the rupee continued following a $6 billion agreement with the International Monetary Fund (IMF).

 

The dollar also saw a surge in the interbank of Rs0.93 to Rs148.80.

 

The dollar soared to Rs150 on Friday from Rs147 a day earlier.

 

The rupee – which is heading down a steep slope – has been dubbed as worst performing currency in South Asia. Analysts predict that the worst is yet to come with a further possible surge in the value of the US dollar against rupee.

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