Dollar advances by 57 paisas in interbank

Dollar advances by 57 paisas in interbank

KARACHI: The Pak Rupee fell by 57 paisas against the dollar on Wednesday as demand for the foreign currency remained higher during the day.

The rupee ended at Rs161.90 to the dollar from the previous day’s closing of Rs161.33 in the interbank foreign exchange market.

Currency experts said that the market witnessed higher demand for dollars due to rise in international oil prices.

The local unit has remained under pressure since the start of the current fiscal year due to higher fiscal deficit posted for the month of June 2021.

Leave a Reply

You have to agree to the comment policy.