Rupee ends down by 10 paisas against dollar

KARACHI: The Pak Rupee ended down by 10 paisas against dollar on Wednesday due to higher import payment demand.

The rupee closed at Rs158.52 to the dollar from previous day’s closing of Rs158.42 in interbank foreign exchange market.

Currency dealers said that the rupee fell due to rise in demand for import payment.

They said that the importers were holding the dollar purchase on expectation of major cut in key policy rate.

The foreign currency market was initiated in the range of Rs158.10 and Rs158.40. The market recorded day high Rs158.85 and low of Rs158.40.

The exchange rate in open market was remained unchanged. The dollar buying and selling was recorded at Rs157.50/Rs158.50, the same previous day’s closing, in cash ready market.

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