KARACHI - Dollar set a new record against the Pakistani rupee on Wednesday by advancing close to Rs 67.6 in the open market for the first time. The Pakistani rupee hit a historic low on Wednesday as the rupee-dollar exchange rate moved breach the record of Rs 67 due to higher demand for the US currency in both inter-bank and the open markets. At the same time, the dollar remained charged up versus rupee in the inter-bank dealings. The American currency commenced new day's trading at Rs.67.6 and continued upward trend. Demand continued to be the pivotal factor that moved the dollar up against rupee in the dealings on Wednesday. The forex analysts have been projecting that the dollar-rupee parity might cross the barrier of 70 as it had breached an important mark of 67 due to higher demand for dollars in both inter-bank and the open market. During last week, the rupee-dollar parity continued its upward trend and closed at Rs 66. "It is after a gap of more than six years that rupee had touched such a low against the dollar," a currency dealer said adding that this disparity is never seen in the history of Pakistan. The flow of dollar is connected to the demand and supply and by the end of this fiscal on June 31, the US currency will remain strong versus rupee increasing its higher demand because at the end of each financial year, the demand of dollar gains momentum in the inter-bank market. The US currency would obtain more strength in the open market on the back of home remittances which was continued to increase for the last 3 to 4 years that would be positive notion for dollar. It was learnt that most of the currency dealers were charging the dollar-rupee exchange rate according to their own choice. The currency dealers were not ready to sell more than 300-400 dollars to a person, a citizen lamented, who wanted to go abroad and trying to buy 3000 to 4000 US dollars. While dispelling the impression of black-marketing of dollar currency, a dealer at a leading forex International (Pvt) Khanani and Kalia said due to the current political situation of the country and increasing inter bank demand; the availability of dollar currency was in meagre quantity in market. The flow of dollar is linked with demand and supply, he said and added, there has been always demand of dollar since December last year.