Rupee eases against dollar on higher corporate demand

KARACHI: The Pak Rupee ended down by one paisa against dollar on Monday on higher demand from corporate sector.
The rupee ended Rs141.40 to the dollar from last Friday’s closing of Rs141.39 in interbank foreign exchange market.
The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40.
The market recorded day high of Rs141.40 and low of Rs141.35 and closed at Rs141.40.
Currency dealers said that the local unit gained earlier in the day. However, on demand corporate side the value rebounded.
In open market the rupee gained 20 paisas against dollar.
The buying and selling of dollar was recorded at Rs141.80/Rs142.30 from last Saturday’s closing of Rs142.00/Rs142.50 in cash ready market.
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