US dollar soars up in interbank

Karachi: The US dollar has once again taken a high flight in interbank on second day (Tuesday) of the business week.

According to details, dollar has become more expensive by Rs1.70 to settle at Rs281.50 in interbank.

On the other hand, one US dollar has settle at Rs283 in open market.

Earlier on Monday (yesterday), the foreign currency closed trading at the rate of Rs279.80.

Since the bailout deal of International Monetary Fund (IMF), the value of US dollar had declined. However, as Pakistan has not been successful in getting the first installment of the loan, therefore dollar has starting rising again in Pakistan.