US dollar smashes Pakistan rupee again; PSX bearish
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The US dollar started the new business week on Monday with considerable gains against the Pakistan rupee, reported 24NewsHD TV channel.
On Monday, the US dollar once again smashed the Rs175 barrier in early interbank trading again.
As per details, the US dollar saw an increase of 54 paisas against the Pakistan rupee. Resultantly, one US dollar is being traded for Rs175.25, according to the Forex dealers.
The US dollar had ended the last week on Rs174. 71 and gained 54 paisas at the restart of the business day to reach Rs175.25.
Meanwhile, the Pakistan Stock Exchange also started on a bearish note as the investors remained cautious.
In the early trade on the first day of the new business week, the KSE 100 index lost 319 points to reach 45,800 points.
Reporters: Habib Khan and Ayaz Rana