Rupee ends down by two paisas on import payment demand

KARACHI: The Pak Rupee ended down by two paisas against dollar on Thursday amid demand for import payment.

The rupee closed at Rs155.42 to the dollar from previous day’s closing of Rs155.40 in interbank foreign exchange market.

Currency dealers said that the demand for the foreign currency was higher earlier in the day. However, inflows helped the rupee to recovery early day losses.

The foreign currency market was initiated in the range between Rs155.40/Rs155.45. The market recorded day high of Rs155.47 and low of Rs155.40 and closed at Rs155.42.

The exchange rate in open market witnessed slight appreciation in rupee value. The buying and selling of dollar was recorded at Rs155.20/Rs155.40 from previous day’s closing of Rs155.20/Rs155.50 in cash ready market.

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