Rupee ends down by 47 paisas on higher import payment demand

KARACHI: The Pak Rupee ended down by 47 paisas against dollar on Monday owing to higher demand for import and corporate payments, dealers said.

The rupee ended Rs166.30 to the dollar from last Friday’s closing of Rs165.83 in interbank foreign exchange market.

Currency dealers said that the demand for dollar was remained higher as the market was opened after two weekly holidays.

They said that the importers were seen active as the economic activities had witnessed improvement after lifting of coronavirus lockdown.

They dealers hoped that due to measures taken by the government to facilitate overseas Pakistanis to attract investment would help the rupee to gain values in coming days.

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