KARACHI: As a result of a shift in the demand and supply conditions for the dollar in the currency market on Tuesday, the Pakistani rupee fell against the dollar in the interbank market and came under more pressure.
Data from the State Bank of Pakistan shows that the local currency rose from yesterday’s closure of 219.86 to a closing price of 221.42 after losing 1.54 against the dollar in the interbank market (SBP).
The rupee was predicted by traders and dealers to fluctuate between 218 and 19 in the upcoming days.Demand from importers and inflows [supply] from exporters and remitters will have an impact on the movement of the currency during the week.
