Rupee falls by 45 paisas against dollar in interbank

Rupee falls by 45 paisas against dollar in interbank

KARACHI: The Pak Rupee (PKR) fell by 45 paisas against dollar on Monday due to higher demand for import payment.

The rupee ended at Rs163.90 to the dollar from last Friday’s closing of Rs163.45 in the interbank foreign exchange market.

Currency experts said that the market opened after two weekly holidays, which put pressure on demand.

They said that the high international oil prices were also a major reason for the dollar demand.

The rupee remained under pressure since the start of the current fiscal year. The rupee lost Rs6.45 to the dollar as compared with the closing of June 30, 2021 at Rs157.45 in the interbank foreign exchange market.

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