Business News

Pakistan Rupee

Rupee falls by 15 paisas ahead of weekly holidays

Karachi: The Pak Rupee came down by 15 paisas against the dollar on Friday due to demand for import and corporate payments ahead of weekly holidays.

The rupee ended Rs160.33 to the dollar from the previous day’s closing of Rs160.18 in the interbank foreign exchange market.

The demand for the dollar was remained high during the day due to the next two days weekly holidays. The dealers said that the market had seen the demand for advance payment from importers and corporate buyers.

They said that the inflows of workers’ remittances and export receipts were remained encouraging in the current fiscal year, which would help the rupee gain value in the coming days.