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Home Breaking News

Pak Rupee weakens by Rs1.53 against USD on higher import demand

byCT Report
18/11/2020
in Breaking News, Latest News, Markets, Stock Exchange
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 KARACHI: The Pak Rupee weakened by Rs1.53 against dollar on Wednesday owing to higher demand for import and corporate payments.

The rupee ended Rs159.83 to the dollar from previous day’s closing of Rs158.30 in interbank foreign exchange market.

Currency dealers said that the market witnessed higher demand for dollars during the day. They said that after government announcement of not imposing strict lockdown the importers were relaxed in placing orders to their foreign suppliers.

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