Dollar reaches Rs-149 on 17 May 2019


The United States dollar has reached a new record high of Rs149 in the interbank market and touched 150 in open market.

Pakistan rupee continued to devalue against US dollar this week, the greenback, today, gained another Rs3 in the interbank market to touch the highest peak.

Yesterday, with consistent downward trend of the rupee against the US dollar, the greenback had touched Rs148.

It may be noted, just three days after PM’s adviser Abdul Hafeez Sheikh’s announcement regarding finalization of a three-year bailout with the International Monetary Fund (IMF) for $6 billion, the rupee went into free fall on Wednesday, hitting a record low of Rs146.25 against the dollar in the open market during trading and later bounced back to Rs144 at the closing of the trading.

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