Dollar surges to record level of over Rs85

KARACHI: Dollar climbed to a record level at over Rs85 in the Interbank here on Monday.

According to forex market dealers, demand for dollar witnessed a substantial rise in Interbank market today, as banks purchased around 300 million dollars. This, at one stage, pushed the dollar price to Rs85.20.

The economic experts said that the current account deficit saw a decline of 78 percent during July to December compared to the previous year.

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This entry was posted on February 2, 2010 at 6:47 am and is filed under Business News. You can follow any responses to this entry through the RSS 2.0 feed.