Rupee falls by 23 paisas on import demand

Rupee falls by 23 paisas on import demand

KARACHI: The Pak Rupee fell by 23 paisas against dollar on Wednesday owing to demand for import payment.

The rupee closed at Rs 145.77 to the dollar from previous day’s closing of Rs 154.54 in the interbank foreign exchange market.

Currency experts said that due to fiscal year end the local currency was under pressure as importers purchasing dollars for foreign payments.