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Pak rupee depreciates to Rs111.05

Pak rupee depreciates to Rs111.05

KARACHI: The Pakistani rupee Tuesday depreciated in open market and remained firm in interbank.

As per the local money market, the dollar gained 25 paisas in open market for buying at Rs 110.75 and for selling at Rs 11.05, while it remained unchanged in interbank for selling at Rs 110.20 and for selling at Rs 110.40.

On Monday, the greenback closed higher in value versus domestic unit in interbank and also gained value in open market transaction. Following demand during intraday trading, dollar closed at Rs 110.20 for buying and Rs 110.40 for selling versus rupee in interbank. It gained 30 paisas. In kerb market, greenback closed firm in value versus rupee at Rs 110.50 for buying and at Rs 110.80 for selling. It gained 10 paisas.