KARACHI: The rupee took another sharp plunge on Thursday against the dollar in the interbank market, as the dollar is being traded at record high of Rs81.40 in the interbank.
According to currency dealers, the rupee is losing its value due to high demand of dollar in market. Falling foreign direct investment and outflow of foreign investment from the stock markets are other factors that have weighed on rupee.
Economic analysts said that the measures taken by the central bank proved insufficient and once again the State Bank has failed to control the dollar price.
NEWS BY GEO
