Dollar being traded at Rs129.50 in open market

KARACHI:  On Thursday, the value of US dollar hit a high of Rs128.48 in interbank trading while Rs129.50 in open market after an increase of 48 paisa in interbank market and 50 paisa in open market respectively.

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

With a sudden increase in dollar’s value there is a possible threat of inflation and economic instability.

In India the value of 1 US dollar was Rs4 in India and now it is Rs68.

In Philippine, 1 US dollar was for 2 Philippine Peso and now it is 53 Peso.

While in Pakistan the value of dollar was Rs3 but now it has heightened to Rs130.

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