Rupee plunges to new low in interbank

Dawn | Jun 14, 2019 at 7:30 AM
  • In the last 10 days, the local currency has lost Rs5 against the dollar setting a new record of Rs154 in the interbank market.
  • Among the currency dealers’ associations, Forex Association of Pakistan (FAP) quoted dollar at Rs154 on high side and Rs153.50 at low side and the Exchange Companies Association of Pakistan (ECAP) quoted the rate as Rs153.30 on high side and Rs153 on low side on Thursday.
  • The open market mimicked the interbank exchange rate and dollar was traded in the range of Rs152.50 and Rs153.50 for buying and selling respectively.