Rupee weakens by Rs1.54 against dollar

Rupee weakens by Rs1.54 against dollar

KARACHI: The Pak Rupee fell by Rs1.54 against dollar on Monday due to higher demand for foreign currency ahead of Eid holidays.

The rupee ended at Rs161.48 to the dollar from last Friday’s closing of Rs159.94 to the dollar.

Currency experts said that the dollar demand for imports remained higher owing to three holidays announced by government for Eid ul Adha.

The rupee has lost around Rs3.61 against the foreign currency since the start of the current month.

Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.