US dollar reaches new height

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The reeling rupee has yet again hit a record all time low against US dollar in the open market.
US dollar reached as high as Rs.94, which is an all-time high in history of the country.
Forex dealers were of the view that it gained strength against rupee due to a rising demand of USD by the exporters.
Currency savants said if USD is not stopped in its tracks now the imports would go dearer fuelling inflation big time.

1 COMMENT

  1. It will go over Rs100, in a year. If America attack on us, then Pakistani Rupees value will record high (may be US$ 1 = Rs 1000.00.
    Pakistanio Jago Jago, See where our leaders and Mullahs taking us together.

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