Dollar touch new high of Rs130 in open market

Dollar touch new high of Rs130 in open market

Karachi (Agencies): The US dollar touched a record high of Rs130 in the open market on Friday.


The latest weakening in the rupee comes after the dollar spiked to Rs129 in the open market earlier this week.

Since December, the rupee has cumulatively shed over 21% of its value after the State Bank of Pakistan reportedly abstained from intervening in response to the pressure exerted by a widening current account deficit.