Rupee weakens by 55 paisas against dollar

Rupee weakens by 55 paisas against dollar

KARACHI: The Pak Rupee ended down by 55 paisas against the dollar on Wednesday owing to demand for oil and other import payments.

The rupee ended at Rs158.92 to the dollar from the previous day’s closing of Rs158.37 in the interbank foreign exchange market.

Currency experts said that the rupee depreciated due to higher demand from importers and oil payments.

The rupee lost around Rs1.38 against the dollar since July 01, 2021