Dollar hits historic high at Rs173 in interbank market

Karachi: The US Dollar continued its surge against the rupee on Friday, rising to a historic high of Rs175.73 in the interbank market.

According to details, the local currency depreciated around Rs1.54 against US dollar, raising its value to Rs175.73 in the interbank market.

The dollar was closed at 175.73 from 174.19 in the interbank market.

Interbank closing #ExchangeRate for today:https://t.co/GvctANz3jH pic.twitter.com/K953ntLpQH

— SBP (@StateBank_Pak) November 12, 2021

However, the dollar is trading at Rs178 with an increase of Rs1.50 in the open market

Cumulatively, the local currency has lost around Rs5.76 during the last seven days, it last dropped to a record low of Rs175.26 against the US currency on October 26.