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Pakistani rupee continues sharp downward trajectory against USD

ISLAMABAD, Jan. 30 (Xinhua) — Pakistani rupee continues a sharp downward trajectory against the U.S. dollar as the greenback was traded at a record high price of 269.63 rupees in the interbank market on Monday, according to the State Bank of Pakistan (SBP).

The U.S. dollar closed at 262.6 rupees on Friday. On the first working day of the week, the local currency depreciated by 7.03 rupees, or about 2.61 percent