KARACHI: The Pak Rupee fell by five paisas against the dollar on Friday owing to demand for import and corporate payments ahead of two weekly holidays.
The rupee ended Rs157.14 to the dollar from previous day’s closing of Rs157.09 in the interbank foreign exchange market.
Currency dealers said that the market witnessed higher demand for the foreign currency ahead of two weekly holidays.
The dealers said that the market sentiments were remained positive due to significant increase in workers’ remittances and export receipts.
They hoped the local unit would make gain in coming days owing to better inflows.
