Rupee ends down by 15 paisas against dollar

KARACHI: The Pak Rupee ended down by 15 paisas against dollar on Monday owing to demand for import and corporate payments.

The foreign currency market ended at Rs138.68 to the dollar as compared with last Friday’s closing of Rs138.53.

The interbank foreign exchange market was initiated in the range of Rs138.70 and Rs138.85. The market recorded day high of Rs138.95 and low of Rs138.65 and closed at Rs138.68.

Currency experts said that the market opened after two weekly holidays and the demand was higher for import and corporate payments.

The local currency however gained in the open market.

Buying and selling of dollar was recorded at Rs138.50/Rs139.00 from last Saturday’s closing of Rs138.70/Rs139.20 in cash ready market.

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