Rupee falls by 60 paisas against dollar

Rupee falls by 60 paisas against dollar

KARACHI: The Pak Rupee fell by 60 paisas against the dollar on Tuesday owing to high for import and corporate payments.

The rupee ended Rs156.79 to the dollar from previous day’s closing of Rs156.19 in the interbank foreign exchange market.

Currency dealers said that the due to import and corporate payments the rupee was remained under pressure.

They said that the demand for dollar was increased as multinational companies and foreign companies operating in Pakistan repatriate their profit and dividends by end of fiscal year.

Leave a Reply

You have to agree to the comment policy.