Rupee sheds 49 paisas against dollar

KARACHI: The Pak Rupee fell sharply by 49 against the US dollar on Friday owing to higher demand for import and corporate payments.

The rupee ended Rs140.78 to the dollar from previous day’s close of Rs140.29 in interbank foreign exchange market.

The interbank foreign market was initiated in the range of Rs140.60 and Rs140.80.

The market recorded day high of Rs140.80 and low of Rs140.78 and closed at Rs140.78.

The rupee also fell by 80 paisas in the open market against dollar.

The buying and selling of dollar was recorded at Rs141.30/Rs141.80 from previous day’s closing of Rs140.50/Rs141.00 in cash ready market.

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