KARACHI: The Pak Rupee fell against the dollar for seventh straight day on Tuesday as demand for import and corporate payment remained high.
The rupee fell by 37 paisas on Tuesday to close at Rs154.50 against the dollar from previous day’s closing of Rs154.13 in the interbank foreign exchange market.
The rupee has started falling against the dollar from mid of the current month. So far the rupee has been weakened by Rs1.68 against the dollar during last seven trading days or since April 15, 2021.
The currency experts said that high import payment to meet local demand had jacked up the rupee value.
