Karachi: The interbank rate of the dollar crossed 237 rupees while the open market rate crossed 245 rupees.
According to Express News, the dollar remained uncontrollable on Monday due to fears of the country’s economy slowing down to a dangerous level, the inflation rate rising to a serious level due to the increasing demand for commodities.
In view of increasing demand from import and other sectors, the dollar continued to soar, due to which the interbank rate of the dollar crossed 237 rupees and the open rate exceeded 245 rupees.
During the business period, the value of the dollar in the interbank market had exceeded 238 rupees at one point. It closed at Rs 245.40 with an increase of Rs 4.40