Pakistani rupee down to all-time low against U.S. dollar
ISLAMABAD, Oct. 18 (Xinhua) -- Devaluation of the Pakistani rupee against the U.S. dollar continued as the greenback touched a historic high of 173.2 rupees in interbank trading on Monday.
The U.S. dollar closed at 171.18 rupees on Friday, and on Monday opened higher at 173.2 rupees, after the local currency nose-dived by 2.02 rupees, or about 1.2 percent, web-based financial data and analytics portals reported.
The Pakistani rupee has suffered depreciation by 13.75 percent against the greenback since May this year when it started surging from 152.27 rupees.