KARACHI: The Pak Rupee ended down by 12 paisas against the dollar on Monday owing to higher demand of the foreign currency against import and corporate payments as market opened after two weekly holidays.
The rupee ended Rs160.22 to the dollar from last Friday’s closing of Rs160.10 in the interbank foreign exchange market.
The currency dealers said that higher demand was witnessed during the day as market was opened after two weekly holidays.
They however said that the improved economic indicators would help the local currency to gain value.
