Rupee falls by 64 paisas on payment demand

Rupee falls by 64 paisas on payment demand

KARACHI: The Pak Rupee fell by 64 paisas against the dollar on Wednesday owing to payment demand for import and corporate payments.

The rupee ended 160.46 to the dollar from the previous day’s closing of Rs159.82 in the interbank foreign exchange market.

Currency dealers said that the demand for import and corporate payments was higher during the day.

They said that the market had also seen supply of the dollar but was not sufficient to help the local currency.

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