Rupee ends down by 13 paisas

Rupee ends down by 13 paisas

KARACHI: The Pak Rupee ended down by 13 paisas against the dollar on Tuesday following higher demand for import payments.

The rupee ended Rs158.30 to the dollar from the previous day’s closing of Rs158.17 in the interbank foreign exchange market.

Currency dealers said that demand for import payment remained higher after the government decision not to impose strict lockdown in the country.

The said that the importers were uncertain about the rising cases of coronavirus in the country during the past couple of weeks.

A day earlier, the Prime Minister had appealed to the nation to strictly comply with SOPs to reduce the number of COVID cases.

The prime minister was of the view that imposing lockdown and halting business activities would have adverse repercussions on people’s living as well as on the economy.