Rupee falls by 33 paisas on higher payment demand

Rupee falls by 33 paisas on higher payment demand

KARACHI: The Pak Rupee fell by 33 paisas against the dollar on Monday owing to increasing demand for import and corporate payments.

The rupee ended at Rs160.47 to the dollar from last Friday’s closing of Rs160.14 in the interbank foreign exchange market.

Currency dealers said that demand for the foreign currency was higher because the market was opened after two weekly holidays.

They said that the demand for the greenback was higher because of improvement in the global economy after the introduction of covid vaccine.

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