Dollar hits Rs157.4 against meek rupee over oil price fight

Islamabad (HRNW) The Pakistani rupee further dropped Rs3.16 to Rs157.4 against the US dollar for a second consecutive day on Tuesday because of the effect of slashing crude oil prices dramatically over the weekend.

Equity markets across the board were hit by the Brent crude conflict between two member countries of the Organization of Petroleum Exporting Countries or OPEC. This pricing conflict came on the heels of the coronavirus news that also affected markets.

The dollar value fell over two days since trading started Monday when a bloodbath hit the stock market.

 

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