KARACHI: The dollar rose above Rs 74 against the rupee on Monday because of increasing demand for the US currency, said bankers. The dollar rose from Rs 72.55 on Saturday to 73.35 in the interbank dealings. At one stage the banks were selling/buying dollar at Rs 73.80 as well, said a banker. Importers’ buying rate was even higher, rising beyond Rs 74.
Daily Times, 12/8/2008
According to the latest reports on 12/8/2008, dollar has further gained strength and is selling at 74.80