US Dollar registers rise against Pakistani rupee in interbank market

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US Dollar registers rise against Pakistani rupee in interbank market

*ISLAMABAD - The US dollar has registered yet another increase in the interbank market.*

*Dollar rose by Rs1 in the past two days and reached a two-week high of Rs134 in the interbank market Friday morning.*

The green back was worth Rs132.6 at the close of the market on October 7 but surged by 43 paisas the next day and 97 paisas today. It was trading at Rs134 in early hours, more than a rupee higher than the rate it has maintained since October 23.

The dollar has appreciated more than 25% against the rupee since December 2017 and remained very volatile in the last four months. Since mid-July, it rose or fell sharply on at least three occasions, witnessing its highest ever single-day gain of Rs9.3 on October 9.