KARACHI: The Pak Rupee fell by another nine paisas against dollar on Friday amid foreign currency demand for import and corporate payments.
The rupee ended at Rs139.28 to the dollar from previous day’s closing of Rs139.19 in interbank foreign exchange market.
The interbank foreign exchange market was initiated in the range of Rs139.15 and Rs139.20.
The market recorded day high of Rs139.30 and low of Rs139.18 and closed at Rs139.28.
Currency experts said that higher demand and the government indication for entering to new IMF loan programs pressurized the local unit.
The rupee lost 38 paisas a day earlier in the interbank foreign currency market.
The exchange rate in open market was remained stable.
The buying and selling of dollar was recorded at Rs138.80/Rs139.30, the same previous day’s level, in cash ready market.