Dollar reaches Rs147 in interbank market

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KARACHI: The US dollar Thursday reached an all-time high of Rs147 in the interbank market on Thursday morning.
The dollar gained by Rs5.61   to be sold for Rs147 in the interbank market. It is currently being bought for Rs146 in the interbank market.
The dollar also climbed by Rs3 to hit a new high of Rs147 in the open market.
The latest depreciation in the rupee comes following Pakistan’s agreement with the International Monetary Fund (IMF) securing a $6 billion bailout on Sunday.
The dollar also climbed to an all-time high of Rs146.25 in the open market on Wednesday, before bouncing back to Rs144.

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