KARACHI: The dollar has hit an all-time high against the Pakistani rupee in the interbank market on the fourth day of the trading week.
The US dollar surged by Rs 3.40 to trade at Rs 165 in the interbank market. The dollar in the interbank has increased from Rs 161 to 60 paise at Rs 165.
According to experts, the dollar is being bought after the interest rate decision, which temporarily sees its price rise.
The dollar had increased by three rupees on the previous day. Furthermore, the price of the US dollar increased by Rs 6.33 in three days, putting an additional burden of debts on the national exchequer of Rs 600 billion.
From the beginning of last year, the dollar continued to rise, rising to $ 138 in January, 93 paise in January, 138 at 90 paise and 139 at 10 paise in March.
Read more: Dollar drops by 27 paisas in interbank
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