Rupee slides by five paisas against dollar

KARACHI: The Pak Rupee ended down by 5 paisas against the US dollar on Monday despite reports of inflows from China.

The rupee ended Rs140.29 to the dollar from last Friday’s close of Rs140.24 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs140.25 and Rs140.30.

The market recorded day high of Rs140.30 and low of Rs140.28 and closed at Rs140.29.

Currency experts said that the rupee was under pressure due to ongoing talks of the government with IMF for new loan program.

The exchange rate in the open market was remained stable.

The buying and selling of dollar was recorded at Rs140.80/Rs141.30, the same level of last Friday’s in cash ready market.

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