Karachi: The Pakistani rupee lost 39 paisa to a fresh all-time low of Rs 89.55 per US dollar in early trade on Wednesday amid persistent dollar demand from banks and importers in view of sustained foreign capital outflows.
Persistent dollar demand from banks and importers amid a continued pullout of capital by foreign funds mainly affected the rupee value against the dollar, a forex dealer said.
Meanwhile, crude oil was down in Asian trade today, dampened by demand worries as the euro zone debt crisis showed no signs of improving, analysts said. New York’s main contract, light sweet crude for January delivery, fell by 31 cents to USD 99.83 a barrel.
