Rupee depreciates by 12 paisas against dollar in early trade

KARACHI: The Pak Rupee depreciated by 12 paisas against the US dollar in early trade on Tuesday owing to high demand for import and corporate payment.

The dollar is being traded at Rs138.80 in interbank foreign exchange market. The exchange rate was ended a day earlier at Rs138.68 in the foreign exchange market.

Currency dealer said that due to higher demand of dollar for import and corporate payment the rupee was witnessing decline.

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