Rupee falls by 69 paisas on import payment demand

Rupee falls by 69 paisas on import payment demand

KARACHI: The Pak Rupee fell by 69 paisas against the dollar on Monday owing to higher demand for import payments as the market opened after two weekly holidays.

The rupee ended Rs155.31 to the dollar from last Friday’s closing of Rs154.62 in the interbank foreign exchange market.

Currency experts said that the rupee was weakened as the market had seen higher demand of the foreign currency for import and corporate payments.

They said that the higher demand for the foreign currency was due to market was opened after two weekly holidays.

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