Rupee weakens by Rs1.36 against dollar

Rupee weakens by Rs1.36 against dollar

KARACHI: The Pak Rupee weakened by Rs1.36 against the US dollar on Tuesday as demand persists for import payment.

The rupee closed at Rs151.47 to the dollar from previous day’s close of Rs150.11 in interbank foreign exchange market.

Currency experts said that the rupee declined due to weak economic conditions.

They said that the economic survey launched yesterday presented bleak picture of Pakistan’s economy.

The exchange rate also witnessed depreciation in rupee value.

The buying and selling of dollar was recorded at Rs151.00/Rs152.00 from previous day’s closing of Rs150.10/Rs150.40 in cash ready market.

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