Rupee depreciates by 84 paisas in interbank

Rupee depreciates by 84 paisas in interbank

KARACHI: The Pak Rupee ended down by 84 paisas against the dollar on Friday. The local currency fell due to higher demand of the foreign currency after Eid holidays.

The rupee closed at Rs162.32 to the dollar in interbank foreign exchange market. The local unit previously closed at Rs161.48 in last trading on July 19, 2021.

The market opened after three holidays. It observed holidays from July 20, 2021 to July 22, 2021 on account of Eid ul Adha.

The experts said the rupee fell to nine months low against the dollar.  The rupee lost value around Rs4.78 against the dollar since July 01, 2021.