Dollar rises to 150 against rupee in open market

KARACHI:The value of the US dollar against the rupee touched to a record high of Rs150 in the open market on Friday.

The greenback gained by another Rs3 to touch an all-time high of Rs150 in the open market, and rose by Rs2.48 in the interbank market to reach Rs149 earlier today.

At the same time, the KSE-100 Index dropped by 965 points to its lowest level in three years and four months.

The dollar rose to Rs148 in the open market Thursday a day after Prime Minister Imran Khan took notice and told currency exchange dealers to lower the rate. It closed at Rs141.39 in the interbank market on Wednesday.