Business
Dollar hits historic high at Rs170 in interbank market

The US Dollar continued its surge against the rupee on Wednesday, rising to a historic high of Rs170 in the interbank market. The dollar was up 31 paisa in the interbank market and trading at around Rs170.27. In the open market, it was up by 50 paisa and trading at around Rs172.30. On August 26, 2020, the dollar hit Rs168.43. The State Bank of Pakistan (SBP) had indicated earlier that the dollar could appreciate during the current financial year due to an expected higher current account deficit.
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