Currency: Rupee weakens against dollar

KARACHI: The rupee weakened at 100.4/100.6 against the dollar in the inter-bank market on Wednesday compared to Tuesday’s close of 100.3/100.5. The currency market has stabilised over the past few months after experiencing extensive volatility, when the rupee weakened from around Rs98 to a dollar to above Rs103 in the wake of political impasse over alleged election rigging. Earlier, the rupee remained glued to the Rs98 level for months, recovering from the historic low of Rs110.

Published in The Express Tribune, January 1^st,  2015.

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