Currency: Rupee weakens further
Rupee lost further value against the dollar on Friday when it closed at 85.95/86
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 16th, 2011.
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 16th, 2011.