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Unstoppable dollar reaches unprecedented heights, sells at Rs151

KARACHI: The US greenback reached an unprecedented excessive of Rs151 within the open market on Monday morning, because the depreciation of the rupee continued following a $6 billion settlement with the Worldwide Financial Fund (IMF).

The greenback additionally noticed a surge within the interbank of Rs0.93 to Rs148.80.

The greenback soared to Rs150 on Friday from Rs147 a day earlier.

The rupee – which is heading down a steep slope – has been dubbed as worst performing foreign money in South Asia. Analysts predict that the worst is but to come back with an additional attainable surge within the worth of the US greenback in opposition to rupee.

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