Pakistan rupee trades at record low of 90.20
January 04, 2012 00:00:00
KARACHI, Jan 3 (Reuters): The Pakistani rupee traded at a record low on Tuesday because of increased import payments and a deteriotating economic outlook, dealers said.
"The rupee was traded at 90.20 (to the dollar) and there were import payments of about $100 million," said a dealer at a foreign bank.
The rupee had traded at its previous record low of 90.03 last week.
The rupee ended at 90.11/16 to the dollar, compared with Friday's close of 89.95/90.00. Banks were closed on Monday.
