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Rupee hits new record low against US dollar

KARACHI: The rupee extended losses on Thursday, hitting fresh record lows against the US dollar, in the inter-bank market driven by concerns on the macro level.

The rupee lost 18 paisas or 0.11% to close at Rs169.12 against the greenback in the inter-bank market, according to the data released by the State Bank of Pakistan.

The Pakistan currency fell to Rs169.63 in intra-day trading in the inter-bank market.

The currency has maintained the downturn since touching a 22-month high of Rs152.27 on May 14, 2021, losing a cumulative 11.06% (or Rs16.85) in the past four months.

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