05-31-2010, 06:06 PM
.
[url="http://www.geo.tv/5-31-2010/65901.htm"]Pak rupee devalues to record level[/url]
KARACHI: The Pak rupee is persistently buckling under pressure at interbank market, as the dollar today soared to an all time high at Rs85.40, Geo News reported Monday.
According to Forex market dealers, the excessive buying of the greenback by the banks today, pushed up its demand at Interbank market, causing it mount to the record level at Rs85.40.
The Forex market dealers said that buying worth $200 million is expected of the importers during the current week for payments of crude oil, which would further [color="#FF0000"]shove the value of Pak rupee down the slope[/color]
Cheers![[Image: beer.gif]](http://www.skyscrapercity.com/images/smilies/beer.gif)
[url="http://www.geo.tv/5-31-2010/65901.htm"]Pak rupee devalues to record level[/url]
KARACHI: The Pak rupee is persistently buckling under pressure at interbank market, as the dollar today soared to an all time high at Rs85.40, Geo News reported Monday.
According to Forex market dealers, the excessive buying of the greenback by the banks today, pushed up its demand at Interbank market, causing it mount to the record level at Rs85.40.
The Forex market dealers said that buying worth $200 million is expected of the importers during the current week for payments of crude oil, which would further [color="#FF0000"]shove the value of Pak rupee down the slope[/color]
Cheers