Pakistani rupee in small denominations. - File Photo.
KARACHI: The Pakistani rupee hit a record low on Wednesday as import payments climbed and exporters held on to their dollars because of a bleak outlook for the country's economy.
“The rupee was traded at 89.58 (to the dollar),” said a bank dealer. The rupee was trading at 89.44/50 to the dollar at 12:57 p.m. (0757 GMT), compared with Tuesday's close of 89.10/20.
The previous low was 89.45 on December 7.
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