Karachi : The Pakistani rupee fell to a record low yesterday, the fifth consecutive drop, because of increased dollar demand for import payments and lack of foreign inflows, dealers said.
The rupee ended at 86.26/31, compared with Wednesday's close of 86.24/29. The rupee has lost 1.19 per cent of its value this year,.
Stocks ended almost flat following an increase in the central bank's key policy rate, dealers said, but were buoyed as investors snapped up shares on hopes of strong corporate profits for the quarter ending yesterday.
The KSE-index hit an intra-day low at 9,933.67 points but recovered as investors bought in anticipation of healthy earnings.
The Karachi Stock Exchange's benchmark 100-share index ended 0.09 per cent, or 8.94 points, lower at 10,013.31.
