Rupee declines by 61 paisas against dollar in early trade

KARACHI: The Pak Rupee significantly declined by 61 paisas against US dollar in early trade on Friday.

The dollar is being traded at Rs140.10 in interbank foreign exchange market. The foreign currency market was ended last day at Rs139.49 to the dollar.

Currency experts said that due to high demand for import and corporate payment and coming weekly holidays escalated the pressure.

The latest increase in dollar value was despite the rise in foreign exchange reserves of the country.

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