Rupee closes at record low of 239.65 against US dollar

KARACHI: The Pakistani rupee continued to lose grounds unabated for the 14th consecutive session on Wednesday and closed at a record low of Rs239.65 against the US dollar in the interbank market during intraday trade amid floods and a shortage of greenback in the country.

The local unit last made a historic low of Rs239.94 on July 28, 2022.

In the interbank market, the local unit lost Re0.74, or 0.31%, and fell to Rs239.65 per dollar, down in value from the previous close of Rs238.91 against the dollar.