Rupee hits record low vs dollar

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Rupee hits record low vs dollar

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Pakistani rupee hit a record low of 91.65/70 to the dollar, compared with Monday's close of 91.26.

23 May,2012 06:58 am

There were several large payments, mostly for oil imports, which drove the rupee lower, said a dealer.Overnight rates in the money market closed lower at 9.10, compared to 10.50 on Monday, because of increased liquidity in the interbank market.