KARACHI: The US dollar has recorded a global surge after the inflation rate has risen internationally. Subsequently, the local currency has also suffered as it lost Rs2.08 in value against the greenback. In the interbank market, the dollar traded at Rs234. The foreign currency traded at Rs238 in the open market.
Director of Mettis Global Saad bin Naseer said that report of high inflation from the US had appreciated the dollar in the international market. Today, the US dollar surged to its highest value in the last 24 years against the yen.
The dollar traded at 144.965 yen in the Asian session.