KARACHI: The rupee depreciated by 21 paisas against dollar on Tuesday owing to hike in policy rate and petroleum products.
The rupee ended Rs141.10 to the dollar from last Friday’s close of Rs140.89 in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs140.90 and Rs140.95. The market recorded day high of Rs141.10 and low of Rs140.95 and closed at Rs141.10.
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The exchange rate in open market was moved in favour of the local unit. The buying and selling of dollar was recorded at Rs142.00/Rs142.50 to the dollar from last day’s closing of Rs142.00/Rs142.70 in cash ready market.
