ISLAMABAD – The value of the US dollar closed at a high value of Rs128.26on Tuesday in interbank trading with an addition of 26 paisa.

According to details, dollar has gained Rs6.71 at interbank in two days andrupee for the fourth time depreciated by 5.5 percent.

Dollar during the session rose by as much as 75 paisa. The increase inexchange rate had also hiked the country’s foreign debt volume by Rs2000billion.

Selling from exporters curtail speedy increase in dollar.

Since December, dollar registered an increase of Rs22.50 or 21 percentwhile debt payment pressure rose by Rs 2000 billion.

Meanwhile, dollar went up to Rs129 with an addition of 25 paisa in openmarket.

An analyst said that pressure on the currency mounted following the speechdelivered by the care taker finance minister Dr Shamshad Akhtar that spadework to enter in IMF would be prepared by the present government so thatnew government if they want to enter the program they could easily sail.

“This was enough to hint that all not well with the economy as reserveshave fallen sharply since October and now the country less than one andhalf months to cover the import bill”, said the same analyst.