rupee falls to 180.07 against $

KARACHI: Pakistani rupee continued its streak of setting new lows against the US dollar for the fourth straight day, breaching the psychological level of 180 on Thursday.
The State Bank of Pakistan said in a statement that the dollar opened at Rs179.44 in the interbank market and closed at Rs180.07, shedding 63 paisas (-o.35 percent).
Earlier, the three all-time lowest levels of the rupee were 179.44, 179.22 and 178.98 against the US dollar, which were witnessed during the previous three days on Wednesday, Tuesday and Monday, respectively. Before this, the rupee set two all-time lowest levels of 178.61 and 178.63 against the US dollar during the last week.
The rupee witnessed a trading range of 82 paisas during the session, showing the intra-day high bid of 180.15 and low offer of 179.65. During the intra-day trading, the dollar hit the Rs180.24 level. Within the open market, the rupee was traded at 179.80/181 per dollar against 179/180 per dollar a day earlier. – TLTP

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