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Pak Rupee eases by four paisas against USD

Pak Rupee eases by four paisas against USD

KARACHI: The Pak Rupee eased by four paisas against the dollar on Monday owing to demand of the foreign currency for import and corporate payments.

The rupee ended Rs160.79 to the dollar from last Friday’s closing of 160.75 in the interbank foreign exchange market.

Currency dealers said that the rupee remained under pressure due to higher dollar demand as the market was reopened after two-day weekly holidays.

The currency experts said that sufficient foreign exchange reserves of the country and inflows of export receipts and workers’ remittance would help the local unit to improve value in coming days.