US dollar sinks Pakistani rupee to historic low
The US dollar once again demonstrated strongly against the Pakistani rupee on Monday gaining a hefty Rs1.92 in the inter-bank trading. However, the rupee did stage a comeback and recovered 32 paisas before the closure of the business, reported 24NewsHD TV channel.
After gaining Rs1.92, the dollar has reached its historic high against the rupee at Rs173.10, the forex dealers said, but later the rupee recovered 32 paisas and as the trading ended the dollar closed at Rs172.78 up by Rs1.60.
The recent surge of the US dollar by Rs20.72 has increase Pakistani debts by Rs2,400 billion.
Reporter Habib Khan