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.