Rupee falls by 10 paisas against dollar

Rupee falls by 10 paisas against dollar

KARACHI: The Pak Rupee ended down by 10 paisas against the dollar on Tuesday. High dollar demand for import payments brought down the rupee value.

The rupee ended at Rs161.33 to the dollar from previous day’s closing of Rs161.23 in the interbank foreign exchange market.

Currency experts said dollar demand kept the rupee under pressure. Importers placed demand for dollar purchase. . obtains rates from State Bank of Pakistan (SBP).

These Exchange Rates are issued for Authorized Dealers to revalue their books daily on Mark-to-Market basis. M2M rate of USD is compiled as weighted average of closing interbank exchange rate collected through Brokerage Houses.

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