KARACHI: The Pak Rupee weakened by 67 paisas against the dollar on Tuesday as demand increased for import and corporate payments.
The rupee ended Rs154.37 to the dollar from last Friday’s closing of Rs153.70 in the interbank foreign exchange market.
Currency experts that the improved GDP growth forecast would escalate the domestic demand for imported raw material and finished products.
The rising demand for import payment would depress the local currency in coming days.
