Rupee eases on import, corporate demand

Rupee eases on import, corporate demand

KARACHI: The Pak Rupee eased by three paisas on Thursday owing to higher import and corporate payments, dealers said.

The rupee ended Rs154.88 to the dollar from Tuesday’s closing of Rs154.85 in interbank foreign exchange market.

The dealers said that last day the market was remained closed due to bank holiday. Therefore, the demand was higher today for import and corporate payments.

They said that improved economic indicators would help the rupee against the foreign currency in coming days.

The exchange rate in open market also witnessed slight change in rupee value. The buying and selling of dollar was recorded at Rs154.70/Rs155.10 from Tuesday’s closing of Rs154.70/Rs155.00 in cash ready market.

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