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Dollar reaches all-time high in interbank market ahead of budget
An employee checks U.S. dollar bank-notes at a bank in Hanoi, Vietnam August 12, 2015. Vietnam has widened the trading band for interbank dollar/dong transactions to 2 percent from 1 percent previously to help boost the competitiveness of Vietnamese goods, the central bank said on Wednesday. REUTERS/Kham - RTX1O0Q4

Dollar reaches all-time high in interbank market ahead of budget

KARACHI: The US dollar reached an all-time high in the interbank market ahead of budget on Tuesday.

With an increase of Rs1.85, the dollar reached Rs151.95 in the interbank market. The US dollar increased by Rs1.50 in the open market and was being sold at Rs152.  A day earlier, fluctuations in the US dollar against the rupee continued as the market opened on Monday.

The greenback increased by Rs2.15 in the interbank market at the beginning of the day. After the increase, the price of dollar reached Rs150.75, whereas, in the interbank buying of dollar became Rs150.50.

Last month, the rupee registered record lows against the US dollar following the announcement of a $6 billion bailout agreement with the International Monetary Fund foreseeing a “market-determined rate” for the Pakistani currency.