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Foreign currency rate

US dollar concedes some gain after climbing to Rs110 in interbank market

KARACHI: The market on Friday was shaken after both the interbank and open market rates of US dollar witnessed a sharp rise, trading around Rs110. The US dollar went up by Rs4.5 in the interbank market and Rs1.5 in the open market as the day began. However, it is currently trading between Rs107.8 and Rs108.8 in the open market. As result of spike in the dollar rate, the volume of loans on Pakistan augmented by whooping Rs 400 billion whereas price of petrol and diesel were likely to go up by at least Rs3 per liter.…