Rupee hits historic low against dollar in interbank trade

A currency dealer is seen counting $100 notes; while Rs500 notes are kept on the table. — AFP/File

KARACHI: The Pakistani rupee continued its downward spiral unabated for the 14th consecutive session on Wednesday and hit an all-time low of Rs240 against the US dollar in the interbank market amid floods and a shortage of greenback in the country.

The rupee has been one of the worst performing currencies in the emerging markets and has fallen by nearly 9% so far this month owing to wide-ranging factors.

In the interbank market during intraday trade, the rupee plunged to 240 after losing 1.09, according to, down in value from the previous session’s close of 238.91.

Source: The News

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