Dollar reaches 17 month high against rupee

KARACHI: With stock markets in Asia tumbling including the Karachi Stock Exchange (KSE) the Pakistani rupee fell to its 17 months low against the US dollar.


The dollar rose by RS2.03 in the interbank trading at Rs104 against the rupee.

A spokesman for the State Bank said they were monitoring the trading of the dollar.

The spokesman added that currency dealers have been told to lower the sale and purchase of dollars.