Rupee sheds 38 paisas against dollar

KARACHI: The Pak Rupee lost 38 paisas against dollar on Thursday after indication of the government for entering IMF program.

The rupee ended Rs139.19 to the dollar from previous day’s close of Rs138.81 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs138.92 and Rs138.99.

The market recorded day high of Rs139.25 and low of Rs138.95 and closed at Rs139.19.

A day earlier the finance minister hinted at entering into a new loan program with IMF.

The exchange rate in open market also revised downward.

The buying and selling of dollar was recorded at Rs138.70/Rs139.20 from previous day’s closing of Rs138.30/Rs138 in cash ready market.

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