KARACHI (Azhar Ali Khan): Dollar hit another historic peak in the kerb market on Monday, when its parity reached Rs87 to a dollar, NEWS reporte.

Money market dealers said that the dollar is being traded at Rs86.80 on the buying side, while available at Rs87 for selling. “The persistent demand of dollar has further pushed its value up,” said a money market dealer. He pointed out that the dollar demand in the interbank and kerb markets have further suppressed the Pak Rupee as the exporters are busy in hedging their positions against upcoming inflationary pressure. The dollar has been appreciated by Rs 2 in the open market during last one month, raising eyebrows of different stakeholders specially the importers.