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Pak Rupee weakens against dollar in mid-day trading

Pak Rupee weakens against dollar in mid-day trading

KARACHI: The Pak Rupee weakened against dollar by 13 paisas in mid-day trading on Monday owing to higher demand for import and corporate payments.The US dollar is being traded at Rs139.41 in interbank foreign exchange market.

Currency experts said that the demand pressure was due to market opened after two weekly holidays.

They said that the narrowed trade deficit and current account deficit would help the rupee to regain some values in coming days.

They further said that the inflows from friendly countries would also help the local unit to gain the values against the greenback.