Rupee sheds five paisas against dollar

KARACHI: The Pak Rupee ended down by 5 paisas against dollar on Tuesday owing to demand for import and corporate payments.

The foreign currency market ended at Rs138.73 to the dollar as compared with last Friday’s closing of Rs138.68.

The foreign exchange market was initiated in the range of Rs138.75 and Rs138.80. The market recorded a high of Rs138.80 and low of Rs138.68 and closed at Rs138.73.

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 ended in the open market.

Buying and selling of dollar was recorded at Rs138.50/Rs139.00, the same previous day’s level, in cash ready market.

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