Rupee at record low

KARACHI (Reuters) - The Pakistani rupee fell to a record low on Monday because of increased dollar demand for import payments. A currency dealer saida the rupee traded as low as 86.07, beating the previous record low on Sept 24 of 86.03. The rupee ended at 86.10/14 to the dollar, compared with Fridays close of 86.04/09. Dealers expect the local unit to weaken further. The rupee is traded at 86.12 in TOM (one-day forward) market, said another de-aler. The rupee has lost 0.9 percent this year, after falling 6.17 percent in 2009.

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