In a first, Pakistani rupee storms past 200-mark against US dollar in interbank

For the first in the history of Pakistan, the US dollar crossed the 200-mark in interbank trade on Thursday.

With a fresh decline of Rs1.81, or 0.91%, the local currency was trading at Rs200.20 against the greenback at 10:13am during intraday trade on Thursday, Tresmark reported.

The domestic currency has maintained the downturn on the 10th consecutive working day as it cumulatively lost nearly 8% or Rs15. The local unit hit a record low of Rs188.66 on May 10. It then plunged to Rs190.02 on May 11, fell over Rs191 on May 12, reached Rs192.52 on May 13, sank below Rs194 on May 16, down to Rs195.74 on May 17 and closed at Rs198.39 yesterday (May 18).