Rupee depreciates by 27 paisas against dollar

KARACHI: The rupee depreciated by 27 paisas against dollar on Thursday owing to reports of tough conditions under new IMF loan program.

The rupee ended at Rs141.39 to the dollar from previous day’s close of Rs141.12 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs141.15 and Rs141.20. The market recorded day high of Rs141.40 and low ofRs.20 and closed at Rs141.39.

The exchange rate also witnessed decline in rupee value by 10 paisas in open market.

The buying and selling of dollar was recorded at Rs141.30/Rs141.80 as compared with previous day’s closing of Rs141.20/Rs141.70 in cash ready market.

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