Dollar reaches historic high of RS 154 in interbank market

KARACHI, June 14 (INP): The value of the US dollar continuously rising against the rupee in the interbank market as the dollar reached to Rs 154 on Friday.

The US dollar increased by Rs1.10 in the interbank market to reach a historic high of Rs154.

Following the rise in the interbank, the US dollar also strengthened in the open market with an Rs1.50 increase to be traded at Rs153.50.

The Secretary of Exchange Companies Association of Pakistan (ECAP) Zafar Paracha said the IMF’s demand for currency devaluation is the reason behind a continuous increase in the value of the greenback.