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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

KARACHI – After the US Dollar crossed the unprecedented level of Rs 130 inthe open market now the surge has been witnessed in the inter bank ratealso.

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

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

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