Pakistani rupee fell to a new low against the dollar on Tuesday as loan repayments this week and impending oil payments continued to put pressure on the local currency, said analysts.
Dollar in the inter-bank was seen traded at Rs92.55, the highest ever.
Dealers told that the value of dollar further appreciated by 30 paisa and was selling at Rs92.55 breaking all past records due to oil import payments of $120 million in the week.
Dollar was also seen peaked in the open market trading at Rs93.60.
During the current fiscal the value of dollar has appreciated by Rs6, analysts said.
Now why does that make me think of the utterly brainless comment Gilani made a few weeks ago? I am refering to the comment of printing more money..The country's economy is near total collapse because of the utter incompetence,corruption and nepotism..it causes hyperinflation..among other things
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