Dollar appreciates by Rs1.53 on higher import demand

Dollar appreciates by Rs1.53 on higher import demand

KARACHI: The Pak Rupee weakened by Rs1.53 against dollar on Wednesday owing to higher demand for import and corporate payments.

The rupee ended Rs159.83 to the dollar from previous day’s closing of Rs158.30 in interbank foreign exchange market.

Currency dealers said that the market witnessed higher demand for dollars during the day. They said that after government announcement of not imposing strict lockdown the importers were relaxed in placing orders to their foreign suppliers.

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