KARACHI: The US dollar has reached its peak value against the Pakistani rupee after crossing the mark of 180. After an increase of 39 paisa, the dollar is now being traded at Rs180.46 in the interbank market.
The drop in rupee value has been attributed to the current political crisis in Pakistan and rising commodities’ prices in the international market. Recently, the oil prices hiked in the international market, putting more pressure on the Pakistani rupee. The surge in imports has also affected the currency, and it is forecasted to drop further.
According to forex dealers, the current rate of the dollar in the open market is recorded at Rs181.