KARACHI: The Pak Rupee fell 16 paisas against dollar in early trade on Monday owing to demand for import payments as market opened after two day weekly holidays.
The exchange rate is at Rs155.45 to the dollar in interbank foreign exchange market in the early trade. The market was closed on last Friday at Rs155.29 to the dollar in interbank foreign exchange market.
Currency experts said that the rise in dollar value would be temporary as inflows of export receipts and remittances would help the rupee in next sessions.
The inflows of portfolio investment in debt securities reached above $1 billion and it was also helping the rupee to resist against the greenback.
Currency experts said the rupee was under pressure against the dollar due to past two days weekly holidays.
