After Open market surge, now US dollar crosses historic levels in interbank rate also

After Open market surge, now US dollar crosses historic levels in interbank rate also
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KARACHI – After the US Dollar crossed the unprecedented level of Rs 130 in the open market now the surge has been witnessed in the inter bank rate also.

The value of US dollar on Friday, hit a high of Rs130.10 in interbank market after an increase of 40 paisa.

With this increase in dollar’s value there is a possible threat of inflation and economic instability.

This hike in dollar value would be a reason of an increase in the prices of petroleum products, eatables, dairy products, mobile charges, transport and vehicles.

Economy