Rupee eases by two paisas ahead weekly holidays

KARACHI: The Pak Rupee eased by two paisas against dollar on Friday owing to demand of the foreign currency ahead of two weekly holidays.

The rupee ended Rs154.49 to the dollar from last day’s closing of Rs154.47 in interbank foreign exchange market.

Currency dealers said that the market was remained flat. However, advance buying was witnessed ahead of to two weekly holidays.

The foreign currency market was initiated at the range between Rs154.44 and Rs154.47. The market recorded day high of Rs154.49 and low of Rs154.47 and closed at Rs154.49.

The exchange rate in open market however witnessed significant gain in local currency value.

The buying and selling of the dollar was recorded at Rs154.30/Rs154.60 from previous day’s closing of Rs154.50/Rs154.80 in cash ready market.

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