Business News

Pakistan Rupee

Rupee strengthens by 33 paisas on lower import payment demand

KARACHI: The Pak Rupee strengthened by 33 paisas against the dollar on Tuesday owing to decline in international oil prices and lower import payment demand after fast spread of coronavirus.

The rupee ended Rs153.33 to the dollar from previous day’s closing of Rs153.66 in the interbank foreign exchange market.

Currency experts said that demand for the foreign currency was eased following decline in international oil prices and lackluster response from the importers following rise in cases of coronavirus.