Rupee falls by 45 paisas against dollar

KARACHI: The rupee has lost 45 paisas against dollar on Wednesday owing to higher demand for import and corporate payments.

The rupee ended Rs150.25 to the dollar from previous day’s closing of Rs149.80 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs149.75 and Rs150.25.

The market recorded day high of Rs151.00 and low of Rs49.25 and closed at Rs150.25.

The exchange rate witnessed decline in rupee value in open market.

The buying and selling of dollar was recorded at Rs149.00/Rs150.00 from previous day’s closing of Rs148.50/Rs149.50 in cash ready market.

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