Dollar hits all-time high versus Rupee

KARACHI: Pakistani rupee on Monday remained under pressure, touching an all time low of Rs 70.25 to one dollar to reach at Rs 71 against the US dollar.International oil price on an upward path, lower than expected forex inflows in June and major payments in terms of foreign debits were reported as the main causes of this record down of rupee.Pak rupee, like currencies of other oil deficit Asian countries, remains under pressure not only because of foreign factors, but deteriorating law and order, political uncertainty, growing inflation and current account deficit of the country have also posted negative effects which result decline in value of rupee.