Rupee eases by two paisas against dollar

KARACHI: The Pak Rupee eased by two paisas against dollar on Monday due to higher demand for import and corporate payments.

The rupee ended Rs154.51 to the dollar from last Friday’s close of Rs154.49 in interbank foreign exchange market.

Currency dealers said that the rupee was eased due to higher demand for import and corporate payments as market was resumed after two days weekly holidays.

The foreign currency market was initiated in the range of Rs154.53 and Rs154.55. The market recorded day high of Rs154.53 and low of Rs154.51 and closed at the this level.

The exchange rate in open market witnessed stable rupee value. The buying and selling of dollar was recorded at Rs154.30/Rs154.60, the same closing of last Friday’s level, in cash ready market.

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