US dollar rises further against Pakistani Rupee in the open market

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US dollar rises further against Pakistani Rupee in the open market

KARACHI - The US dollar has registered yet another increase in the open market against the Pakistan Rupee.

US dollar rise by at least Rs 1.50 in the open market.

US dollar continued to spike for a second day on Wednesday as it was being sold for Rs136 in the open market.

General Exchange Companies Association of Pakistan Secretary Zafar Paracha said the dollar is being bought at Rs134 and sold at Rs136 in the open market.

“The dollar has risen by a further Rs1.50 today,” Paracha added.

A day earlier, the US dollar soared to Rs134.50 in the open market lending yet another blow to the rupee. The US dollar gained by over Rs6.50 to touch the new high in the open market, while in the interbank market it rose by Rs9 to reach Rs133.64 on Tuesday.