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 demand for import and corporate payments, dealers said.

The rupee ended Rs160.52 to the dollar form last day’s closing on of Rs160.33 in the interbank foreign exchange market.

The dealers said that the rupee weakened owing to dollar demand for import and corporate payments. They said that the demand was seen because the market opened after two weekly holidays.