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Dollar up 30 paisa in inter-bank due to increased demand

Dollar up 30 paisa in inter-bank due to increased demand

KARACHI: The Pakistani rupee weakened in inter-bank and strengthens in open market against US dollar on Tuesday.

As per details, US dollar strengthened 30 paisa to reach Rs 102.7 in inter-bank and weakened 5 paisa to reach Rs 102.85 from earlier Rs 102.9 in open market.

On Monday, the US dollar strengthened against Pakistani rupee in inter-bank and open market on the first trading day of week on Monday.

Forex dealers said that there was increased demand for the dollar from the pilgrims as the Hajj season had started.

Dealers said the political tensions also resulted in fluctuation in the value of the rupee, besides rising dollar demand from importers also impacted the local currency.