PKR reaches historic low against US Dollar

The Pakistani rupee’s pathetic run against the US dollar seemed not ending as the greenback soared to another historic high in interbank trading on Monday.

According to the information received from currency dealers, the Pakistani rupee depreciated by 20 more paisas against the US dollar and was currently being traded at Rs301.20, a historic high.

On Friday last also, the Pakistani rupee had hit a new record low against the US dollar, as it settled at RS301 in the interbank market. At close, the rupee had settled at Rs301 after a decrease of 78 paisas or 0.26%.