Dollar hits all time high at Rs153 in midday trading

KARACHI: The US dollar reached to all time high against Pak Rupee at Rs153 on Thursday in midday trading owing to weak economic indicator.

The dollar value has increased by Rs1.44 to the rupee in midday trading. The exchange rate was ended at Rs151.56 to the dollar a day earlier in interbank foreign exchange market.

Currency dealers said that weak economic indicators had pressurized the local unit.

They said that scheduled repayment for foreign loans had increased the demand for the greenback.

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