Rupee depreciates by five paisas against dollar

KARACHI: The Pak Rupee depreciated by five paisas against the US dollar on Thursday due to import and corporate payments.

The rupee ended Rs139.49 to the dollar from previous day’s closing of Rs139.44 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs139.48 and Rs139.50. The market recorded day high of Rs139.50 and low of Rs139.49.

The exchange rate in open market also deteriorated.

The dollar’s buying and selling was recorded at Rs139.70/Rs140.20 as compared with Rs139.30/Rs139.80 in the cash ready market.

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