Rupee falls by 19 paisas on import payment demand

Rupee falls by 19 paisas on import payment demand

KARACHI: The Pak Rupee fell by 19 paisas against the dollar on Monday owing to higher demand for import and corporate payments.

The rupee ended Rs160.32 to the dollar from last Friday’s closing of Rs160.13 in the interbank foreign exchange market.

Currency experts said that the higher dollar demand was due to the market was opened after two days weekly holidays.

They hoped that they the local currency likely to gain in coming days due to strong economic fundamentals.

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