News Desk:
The US dollar continued its fight against the rupee for the sixth consecutive session on Tuesday to breach the Rs. 197 mark. This is an all-time high march against the rupee. According to the Forex Association of Pakistan (FAP), the greenback gained Rs1.50 from the previous day’s close of Rs194.60 to climb to Rs196.10 around 11:20 am.
This spell of the dollar’s persistent rise against the rupee began on Tuesday last week when the international currency hit a record high Rs. 188.66.
While the FAP data showed that the greenback closed at Rs194.60 on Monday, the State Bank of Pakistan recorded the closing rate at Rs194.18. The media report, while quoting the SBP’s closing rate, said that the international currency was traded at higher rates before settling at Rs194.18.
