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Dollar gains ground as rupee remains under pressure

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KARACHI, Sep 6(ABC):  The Pakistan rupee continued to remain under pressure Tuesday and depreciated against the dollar in the interbank market following a fluctuation in the demand and supply position of the greenback in the currency market.

The local unit was exchanging hands at 221.60 after losing 1.74 against the dollar during intraday trade in the interbank market, up from yesterday’s close of 219.86.

Traders and dealers believe that the rupee seems to trade within a range of 218-19 in the coming days.

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  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

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