Rupee falls by 70 paisas in open market

Rupee falls by 70 paisas in open market

KARACHI: The Pak Rupee fell by 70 paisas against dollar on Saturday owing to demand in the open market.

The buying and selling of dollar was recorded at Rs142.00/Rs142.50 from previous day’s close of Rs141.30/Rs141.80 in cash ready market.

The rupee depreciated during the past two days owing to enhancing key policy rate and the intention shown by the government to enter new IMF loan program.