KARACHI: The Pak Rupee depreciated by 30 paisas against dollar on Wednesday owing to reports of IMF conditionalities for new loan program.
The rupee ended down by 30 paisas to close at Rs141.40 to the dollar from previous day’s close of Rs141.10 in interbank foreign exchange market.
The interbank foreign exchange market was initiated in the range of Rs141.20 and Rs141.40.
The market recorded day high of Rs141.40 and low of Rs141.39 and closed at Rs141.40.
The exchange rate in open market also witnessed devaluation of local currency.
The buying and selling of dollar was recorded at Rs142.50/Rs143.00 from previous day’s close of Rs142.00/Rs142.50 in cash ready market.