Rupee falls to 163.05 against dollar in interbank

Rupee falls to 163.05 against dollar in interbank

KARACHI: The Pak Rupee sharply fell to Rs163.05 against the dollar during midday trade in interbank foreign exchange market on Monday.

The rupee fell by 62 paisas against the dollar in intraday trade.

The import payment demand deteriorated the rupee value.

Currency experts said that higher dollar demand was as the market opened after two weekly holidays on Monday.

Further, the Sindh government announced amendments to strict lockdown. This also encouraged the importers to place fresh orders to their foreign suppliers.

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