The trend of US dollar making huge gains against rupee seems to be unstoppable as it was available for Rs162 on Wednesday.

In this way, the dollar’s inter-bank rate had increased by Rs3 during the day so far. Meanwhile, it had jumped by Rs3.33 during the last two days and by Rs7.15 since January 1.

A weaker rupee means that Pakistan’s economy will further suffer, as the increase in the dollar price during the last two years has resulted in expensive imports, inflation and higher cost of living. The situation is expected to worsen further because of the coronavirus crisis hitting the global economy.

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