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Pak Rupee depreciates by 61 paisas against dollar

Pak Rupee depreciates by 61 paisas against dollar

KARACHI: The Pak Rupee ended down by 61 paisas on Thursday owing to demand for import and corporate payments.

The rupee closed at Rs158.49 to the dollar as compared with previous day’s closing of Rs157.88 in interbank foreign exchange market.

The foreign currency market was initiated at Rs158.40 and Rs158.70 in interbank foreign exchange market. The market recorded day high of Rs158.60 and low of Rs158.20 and closed at Rs158.47.

The exchange rate in open market also witnessed depreciation in rupee value. The buying and selling of dollar was recorded at Rs158.50/Rs159.50 from previous day’s closing of Rs157.50/Rs158.50 in cash ready market.