KARACHI: The dollar reached a new high against the rupee at the beginning of trading in Interbank on Monday.

According to forex market dealers, during trading at the interbank, the American currency was traded at a new high of Rs78.50 and at one point it was seen trading at Rs78.55.

Meanwhile, at the end of last week, the dollar closed at an all time high of Rs78.40. The Dollar traded at Rs78.50 after seeing its value increased by paisas 20 to the rupee in the open market.