Rupee falls by 27 paisas against dollar

Rupee falls by 27 paisas against dollar

KARACHI: The Pak Rupee fell by 27 paisas against the dollar on Tuesday owing to demand for import and corporate payments.

The rupee ended Rs159.54 to the dollar from previous day’s closing of Rs159.27 in the interbank foreign exchange market.

Currency dealers said that the local currency was under pressure because of oil import bill as international oil prices were increasing.

The dealers said that normalcy returned in the global economies following the launch of coronavirus vaccine.