Rupee near 11-month low against dollar
KARACHI: The rupee witnessed a decline of 78 paisas to hit an almost 11-month low of Rs165.20 against the dollar on Tuesday, despite receiving $2.75 billion from the International Monetary Fund, dealers said. The exchange rate ended at Rs165.20 against the greenback from the previous day’s closing of Rs164.42 in the interbank foreign exchange market. … Read more