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Rupee hits historic low of Rs182, continues to struggle

KARACHI: The Pakistani rupee sinks to yet another record low of Rs182 against the US dollar in the interbank market during the intra-day trading.

Speculative trading due to political unrest, mounting demand for the dollar, rising commodity prices in the international market and other weak economic/political indicators all exerted downward pressure on the rupee.

The rupee fell past the Rs182-mark against the US dollar today for the first time in the interbank market in the history of Pakistan.

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