The US dollar with an increase of 83 paisas on Tuesday has climbed up to record Rs175.27 against the Pakistani rupee in inter-bank trading, reported 24NewsHD TV channel.
The greenback was previously closed at Rs174.43.
The second day of the business week saw a sudden increase in the US dollar price.
Experts said that the market needs firm direction and there was no stopping of the Pakistani rupee’s one-sided slide.
I/B MARKET
— Asad Rizvi (@asadcmka) October 26, 2021
Market needs a firmer direction.They R nervous & unsure about the next move,which is causing high level of stress.There is no stopping to #PKR one sided move.Players are unsure about the size of next HIKE.Rebalancing of portfolio & mitigating financial losses is tough