Pakistani rupee hits new low against US dollar

Karachi: The rate of Pakistani rupee recorded Monday a decrease of 19 paisas in the interbank market.

According to the data shared by the State Bank of Pakistan, the local currency depreciated by 10% against the dollar and plunged to an all time low of Rs177.90. In the open market, the dollar jumped to an all time high and traded at Rs180.

On December 10, the trading session closed at Rs177.71.

On the other hand, the stock market continued to decline today. At the start of trading, the 100 index was at 43,395 points, which improved after a while and the index reached 43,478, but this journey could not continue and the index after losing 178 points, it has come down to 43,216 points.