Rupee weakens by 68 paisas against dollar

Rupee weakens by 68 paisas against dollar

KARACHI: The Pak Rupee ended down by 68 paisas against the dollar on Tuesday owing to demand for import and corporate payments.

The rupee ended Rs158.19 to the dollar from the previous day’s close of Rs157.51 in the interbank foreign exchange market.

Currency experts said that due to year-end demand for dollars remained high. They said that corporate buyers were seen busy buying dollars for sending profit and dividends to their parent companies in various destinations of the world.

They said that due to ease in corona restrictions the economic activities had increased that also resulted in a surge of demand for dollars for import payments.

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