Rupee eases in interbank foreign exchange market

Rupee eases in interbank foreign exchange market

KARACHI: The Pak Rupee fell by one paisa against dollar on Friday amid sufficient inflows of export receipts and remittances.

The rupee ended Rs141.40 to the dollar from previous day’s closing of Rs141.39 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs141.34 and Rs141.37.

The market recorded day high of Rs141.40 and low of Rs141.35 and closed at Rs141.40.

The rupee massively fell against dollar in the open market.

The buying and selling of dollar was recorded at Rs142.00/Rs142.50 as compared with previous day’s closing of Rs141.30/Rs141.80 in cash ready market.

Market experts said that the currency would see pressure due to upcoming IMF program and scheduled repayment for foreign debt by the country.

Leave a Reply

Your email address will not be published. Required fields are marked *