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Political instability: Dollar hits Rs100 again

KARACHI: The growing political instability reflected its ramification in the economy when dollar appreciated against the rupee and touched Rs 100 mark in the interbank market, ARY News reported Wednesday.

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The stock market recorded depreciation of rupee due to ongoing political instability in the country and dollar reached Rs 100.15 mark.

The rupee also recorded depreciation of 30 paisa in the open market, taking dollar to Rs 99.80.

Frequent protests and long march scheduled for August 14 aimed at toppling the government by opposition parties have already taken its toll on the economy, thus affecting stock market as well.

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