Pak Rupee at Record Low Level against US Dollar: 12 July 10

Pak Rupee has once again become weak against US Dollar. This time, $ has reached highest ever levels everywhere [including inter-bank, NBP and SBP rates and in the open market too]

Today’s stats:

In the inter-bank:

Bid: 84.654

Ask: 87.185

Average is approximately: 85.920

National Bank Rate:

Selling = 85.80    Buying = 85.60

Rate issued by State Bank of Pakistan:

85.770

I have been monitoring currency rates for quite some time: and I have never seen Pak Rupee rate this high against the dollar.

1. NIB Bank may get into the Defaulter’s List at KSE
2. Gold Price drops more than 35 Dollars in one day: 1 July 10
3. Very low share volume recorded at KSE: 1st July 10
4. US Stock Markets remained closed on Monday 5 July 10
5. For a Third Day in a Row, Gold is making a New All Time High Record: 21 June 10