New record as dollar crosses Rs175 mark |Nasir KS

 KARACHI: The US doKARACHI: The US dollar on Tuesday crossed the Rs175 imprint to establish another standard, starting feelings of trepidation that individuals would select to set aside their cash in dollars as opposed to keeping it in banks.

 

Money sellers said the between bank market exchanged the dollar at record Rs175.27. 

The shippers' tension for purchasing dollars is still high. No one realizes where is the limit of this downgrading of nearby cash," said Atif Ahmed, a money seller in the between bank market. 

He said a further expansion in dollar cost could trigger exceptionally high swelling in the country that would eventually hit financial development. He said the nation's import charge, which was $53 billion last year, could be more than $60bn this year. As far as rupee, the absolute import will be worth Rs10.5 trillion which is sufficient to heighten expansion past creative mind.llar on Tuesday crossed the Rs175 imprint to establish another standard, starting feelings of trepidation that individuals would select to set aside their cash in dollars as opposed to keeping it in banks. 

Money sellers said the between bank market exchanged the dollar at record Rs175.27. 

"The shippers' tension for purchasing dollars is still high. No one realizes where is the limit of this downgrading of nearby cash," said Atif Ahmed, a money seller in the between bank market. 

He said a further expansion in dollar cost could trigger exceptionally high swelling in the country that would eventually hit financial development. He said the nation's import charge, which was $53 billion last year, could be more than $60bn this year. As far as rupee, the absolute import will be worth Rs10.5 trillion which is sufficient to heighten expansion past creative mind.