Currency: Rupee remains flat

KARACHI: The rupee ended flat at 85.70/75 to the dollar because of lack of import payments and a lackluster market. The rupee hit a record low of 86.50 against the greenback last month and dealers said the local unit may face some pressure in the days ahead, amid increased demand for dollar for import payments and a bleak outlook.

Published in The Express Tribune, June 11th, 2011.