Karachi (Staff Report): The US dollar surged by Rs 4.93 in the interbank market on Tuesday, hitting a high of Rs 115.50.

According to forex dealers, in the open market , dollar is trading at Rs 115.50.  

The value of the Pakistani Rupee has noted a four per cent decrease in the interbank market as a result of the dollar rise.

It is pertinent to mention here that in the past three to four months, the dollar has risen to Rs 115 from Rs 105 in the interbank trade.