Dollar trades at eight month low against rupee

KARACHI: The Dollar further plunged to Rs97.90 in interbank and Rs98.00 in the open market.
On Wednesday, the dollar witnessed Rs2.40 decease in the open market. Dealers said the dollar reached under Rs99 after eight and a half months.
The continued stabilization in the value of rupee will be instrumental in cost of imports and help reduce the price of commodities in the country, said the market analysts.