KARACHI - The beleaguered rupee fell to yet another record low on Monday amid consistent demand for the US dollar both in the inter bank and kerb currency markets.
Dealers said that in the interbank market the rupee eased by 30 paisas to 98.10 to a dollar during the intra-day trading.
Moreover, in the open or kerb market the rupee declined by 40 paisas to 99.20 to a dollar.
The rupee has been under consistent pressure amid declining foreign exchange reserves after Islamabad began repayments of loans earlier this year obtained from the International Monetary Fund under the Stanby Arrangement.
