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US dollar hits seven week-high at Rs165.5 in interbank market

US dollar hits seven week-high at Rs165.5 in interbank market

KARACHI: The United States dollar hit a seven week-high after it gained 1.42 paisa against the Pakistani rupee in the interbank market.

The greenback is being traded at Rs165.5 on second day of the business week. The US dollar has risen by Rs4.58 against the rupee in the last four trading days.

Let it be known that rise in the US dollar has increased debt burden on Pakistan by Rs500 billion rupees.