US dollar on historical rise in Pakistan

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KARACHI (ENN) The value of the US dollar against the rupee touched another all-time high for the second consecutive day, reaching approximately Rs157 in the interbank market during intraday trading here on Friday.

The greenback was being traded at about Rs156.50 in the open market.

In the last two days, the local currency has lost Rs5 against the dollar setting a new record of Rs157 in the interbank market.

The rupee’s slide had continued on Thursday as it fell as low as Rs154 in the interbank market.

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