Rupee ends down by 10 paisas against dollar

KARACHI: The Pak Rupee ended down by 10 paisas against dollar on Friday owing to higher demand of the foreign currency for import payment.

The rupee ended Rs158.67 to the dollar from previous day’s closing of Rs158.57 in interbank foreign exchange market.

Currency dealers said that the higher demand for dollars depressed the rupee value. They said that the higher dollar demand was due to import of Ramazan related commodities.

The exchange rate in open market witnessed some changes in rupee value. The buying and selling of dollar was recorded at Rs158.00/Rs158.50 from previous day’s closing of Rs157.50/Rs158.50 in cash ready market.

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