The US dollar continued its increasing streak against the rupee on Wednesday as the greenback reached an all-time high of Rs200 in the open market.
According to the Forex Association of Pakistan (FAP), the greenback gained Rs1.68 in the interbank market from the previous day’s close of Rs196.50 and climbed to Rs197.66 at about 11:26 PM.
The forex dealers expressed that the US dollar gained 2 rupees in the open market to trade in excess of Rs200.
When the PM Shehbaz Sharif-led coalition government came into power on April 11, the rupee was valued at Rs182.3. Since then, the rupee has lost Rs11.4, or 6.2%, of its value.