Karachi (Agencies): The US dollar on Thursday touched all-time high against rupee, reaching Rs2.34 to Rs164.50 to the US dollar during intra-day trade in the inter-bank market.
The rupee closed at Rs162.16 on Wednesday, according to the State Bank of Pakistan (SBP).
Experts said the trend in rupee is seen ahead of the International Monetary Fund’s (IMF) executive board meeting on July 3 to consider giving the final approval for a bailout worth $6 billion for Islamabad.
Pakistan foreign currency reserves stand insufficient at $7.69 billion.