The US dollar rose to a record high against the Pakistani rupee on the first day of the business week in both interbank & open market on Tuesday.
According to the currency dealers, the trend of dollar’s increasing value, in the interbank market, continued for the tenth consecutive day. As a result of this trend, the rupee fell to a three-month low against the dollar at interbank level.
At the start of the business day, the dollar rose by Rs 3.60 in the interbank. The US dollar traded at Rs 292.10 after the price hike. In the open market on Tuesday, the dollar crossed the mark of Rs 302 after soaring by Rs 6, breaking all previous records.
On the other hand, the first day of the new business week witnessed fluctuations in Pakistan Stock Exchange. PSX benchmark KSE-100 index gained 88 points and reached 48,513 points.