On Monday, the dollar climbed above Rs 194 versus the rupee in the interbank market, as analysts expressed concern about the country’s mounting import bill.
The greenback gained Rs1.30 from Friday’s close in interbank trade to reach Rs194.30 about 11:30 a.m., according to the Forex Association of Pakistan (FAP).
This comes after the rupee fell to fresh lows last week, owing to the country’s mounting import bill.
