US dollar hits high against Pakistani rupee

Karachi: The US Dollar continued its surge against the rupee on Friday, gaining 48 paisa to reach another high of Rs175.46 in the interbank market.

According to foreign currency dealers, at the start of trading, the dollar rose by 52 paise to 176.50 paise on the interbank market.

The rupee lost 48 paisas (0.27%) to close at Rs175.46 against the greenback in the inter-bank market, according to data released by the State Bank of Pakistan (SBP).

The dollar had closed at Rs174.98 against the rupee the other day. The value of US currency was decreased by 6 paisa in interbank.

It is to be mentioned here that the dollar had earlier closed at a record high of 175.73 at the interbank on November 12.