Rupee eases by 11 paisas against dollar

KARACHI: The rupee depreciated 11 paisas against dollar on Monday owing to hike in policy rate and petroleum products.

The rupee ended Rs140.89 to the dollar from last Friday’s close of Rs140.78 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs140.80 and Rs140.85.

The market recorded day high of Rs140.90 and low of Rs140.85 and closed at Rs140.89.

The exchange rate in open market was also changed with depreciation of the local currency.

The buying and selling of dollar was recorded at Rs142.00/Rs142.70 to the dollar from last Saturday’s closing of Rs142.00/Rs142.50 in cash ready market.

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