Rupee weakens by two paisas against US dollar

KARACHI: The Pak Rupee ended down by two paisas against US dollar on Wednesday amid demand for import and corporate payments.



The rupee ended at Rs138.94 to the dollar from previous day’s closing of Rs138.92 in interbank foreign exchange market.

Market experts said that the traders were remained uncertain about future prospects.

However, they are hopeful of foreign inflows due to latest developments, including scheduled visit of Saudi Crown Prince on February 16, the experts added.

In open market the exchange rates were also witnessed fluctuation.

The buying and selling of dollar was recorded at Rs138.60/Rs139.10 from previous day’s closing of Rs138.70/Rs139.20.

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