The Express Tribune: Pak rupee hits Rs123 mark in inter-bank trade

June 15: The Express Tribune report by Salman Siddiqui states that Pakistani rupee continued to lose its footing against surging US dollar in the open market after the local currency hit a record low of Rs123 to the greenback in intra-day trade in inter-bank market on Thursday. The inter-bank market marked the steep low during the closing hours when commercial banks usually buy and sell large volumes of foreign currencies, mostly US dollars, on behalf of commercial importers.

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