Rupee weakens against US dollar

Pak rupee shed 9 paisas against US dollar to close at Rs139.50 on Tuesday compared with the last closing of Rs139.41 in inter-bank market.
The demand and supply situation in the market remained balanced as demand by importers and corporate sector was  offset be export receipts and remittances.
A sense of uncertainty prevails in the market resulting in fluctuations in the rupee value.
Rupee remained stable against dollar in the open market.
Malik Bostan Khan, President Forex Association of Pakistan said the buying and selling of US dollar was recorded at Rs139.20/Rs139.70 as against last closing of Rs139.20/Rs139.70 in cash free market.

Related posts

PSX review: Stock market to remain positive in the upcoming week

Zain Ahmed

Pakistani Rupee sheds 3 percent in a single day

Zain Ahmed

SECP holds roundtable to revamp bancassurance regulatory framework

M Shahzad

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More