Rupee weakens by 45 paisas against dollar

Rupee weakens by 45 paisas against dollar

KARACHI: The Pak Rupee depreciated by 45 paisas against the dollar on Monday owing to demand for import and corporate payments.

The rupee closed at Rs156.19 to the dollar from last Friday’s closing of Rs155.74 in the interbank foreign exchange market.

Currency experts said after budget announcement the demand for dollar was high as importers placed fresh orders.

The experts however hoped that the rupee to make gain in coming days owing to significant inflows of workers’ remittances and export receipts.

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