Currency: Rupee weakens further

KARACHI: Rupee lost further value against the dollar on Friday when it closed at 85.95/86 due to concerns of security and instability in the local markets following violence in the city. Rupee had been 85.85/90 against the dollar a day earlier. However, dealers said the local unit is not likely to see any lifetime lows in the coming days.

Published in The Express Tribune, July 16^th, 2011.