Rupee eases on high dollar demand

KARACHI: The Pak Rupee ended down slightly against dollar on Friday owing to high demand for import and corporate payments.



The exchange rate closed by depreciation of one paisa in rupee value to Rs138.24 to the dollar from previous day’s close of Rs138.23 in interbank foreign exchange market.

Dealers said that demand for dollar was high in the currency market due to weekly holidays.

The interbank foreign exchange market was initiated in the range of Rs138.30 and 138.40.

The market recorded day high of Rs138.35 and low of Rs138.20 and closed at Rs138.24.

The exchange rate in open market was however remained stable.

The buying and selling of dollar was recorded at Rs138.00/Rs138.50, which the same previous day’s level, in cash free market.

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