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Pakistan rupee hits record low

Thursday, 1 December 2011


KARACHI, Nov 30 (Reuters): The Pakistani rupee's slide continued for a third day Wednesday, with increased import payments, negative sentiment about regional currencies and a bleak outlook for the country's economy driving it to a record low of 88.45 to the dollar. The rupee was trading at 88.4050 to the dollar at 11:14 a.m. (0614 GMT), compared with Tuesday's close of 88.2530.