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Pak Rupee falls by 14 paisas against US dollar on import demand

KARACHI: The Pak Rupee ended down by 14 paisas against dollar on Monday owing to higher demand of foreign currency for import and corporate payment.

The rupee ended at Rs154.37 to the dollar from last Friday’s closing of Rs 154.23 in Interbank foreign exchange market.

Currency experts said that the market was opened after weekly holidays. The demand for the greenback was higher from importers and corporate buyers.

The foreign currency market was initiated in the range of Rs154.40 and Rs154.45. The market recorded day high of Rs154.40 and low of Rs154.34 and closed at Rs154.37.

The exchange rate in open market witnessed no change in rupee value. The buying and selling of the dollar was recorded at Rs154.00/Rs154.30, the same closing level of last Friday, in cash ready market.

2020-03-02
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