KARACHI: The Pak Rupee ended down by five paisas against dollar on Monday owing to higher demand for import and corporate payments, dealers said.
The rupee ended Rs155.01 to the dollar from last Friday’s close of Rs154.96 in interbank foreign exchange market.
The currency dealers said that the rupee was under pressure due to higher demand for dollars. The higher demand was mainly attributed to two weekly holidays.
The foreign currency market was opened in the range of Rs154.95 and Rs155.00. The market recorded day high of Rs155.01 and low of Rs154.98 and closed at Rs155.01.
The exchange rate in open marked however was remained unchanged. The buying and selling of dollar was recorded at Rs154.40/Rs154.70, the same closing level on last Friday, in cash ready market.
