Rupee falls three paisas on import, corporate payment

Rupee falls three paisas on import, corporate payment

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

The rupee ended Rs155.34 to the dollar from previous day’s closing of Rs155.31 in interbank foreign exchange market.

Currency dealers said that the rupee came under pressure during the day due to dollar demand from importers and corporate buyers.

The foreign currency market initiated in the range of Rs155.33 and Rs155.36. The market recorded day high of Rs155.35 and low of Rs155.31 and closed at Rs155.34.

The exchange rate in open market witnessed stable rupee value.

The buying and selling of dollar was recorded at Rs155.20/Rs155.50, the same previous day’s level, in cash ready market.