Dollar continues to soar in interbank market

Karachi: The dollar continued to hit high in the interbank market on Thursday, reaching at Rs 178 after further gaining 57 paisas against the rupee.

In the open market, the dollar price increased by 50 paisas and reached at Rs 180.

However, the dollar closed at Rs 177.61 in the interbank.

Interbank closing #ExchangeRate for today: https://t.co/RbjtGq5JWa pic.twitter.com/S10D7qnZrg

— SBP (@StateBank_Pak) December 9, 2021

On the other hand, the benchmark KSE-100 witnessed a decrease of over 500 points and was closed at 43,000 points. As a result, investors have suffered heavy losses.