Wednesday, March 10, 2010

Rupee hits record low, ends at 81 per dollar

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Wednesday, October 8, 2008, 12:23
This news item was posted in Business category and has 0 Comments so far.

The bearish trend continues as rupee has hit record low against dollar in inter-bank trade.

According to Forex market dealers, the dollar is being traded at Rs80.20. Yesterday; Pakistani currency was closed at 78.55 against dollar in inter-bank market.

According to analysts, the rupee is expected to remain under pressure following a credit rating downgrade by Standard & Poors Rating Agency.

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