KARACHI: The Pak Rupee strengthened by 46 paisas against the dollar on Wednesday owing to lower demand of the foreign currency on expectation of declining demand.
The rupee ended Rs155.39 to the dollar from Monday’s closing of Rs155.85 in the interbank foreign exchange market.
The market was remained closed on Tuesday on the occasion of Pakistan Day.
Currency experts said that the importers were cautious in placing new import orders due to rising case of coronavirus in the country.
The importers were expecting that the government would take harsh measures including strict lockdown in the wake of third wave of coronavirus.
