Rupee falls by 10 paisas on high import demand

KARACHI: The Pak Rupee fell by 10 paisas against dollar on Tuesday due to high demand for import and contract payments.
The rupee ended Rs138.93 to the dollar from previous day’s closing of Rs138.83 in interbank foreign exchange market.
The interbank foreign exchange market was initiated in the range of Rs138.84 and Rs138.87.
The market recorded day high of Rs138.94 and low of Rs138.84 and closed at Rs138.93.
In open market the exchange rate slightly changed. The buying and selling of dollar recorded at Rs139.00/Rs139.50 from previous day’s closing of Rs139.00/Rs138.30 in the cash free market.
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