Currency: Rupee weakens
closed at 85.85/90 in comparison to 85.83/86 a day earlier.
KARACHI:
The rupee ended slightly lower against the dollar on Thursday as it closed at 85.85/90 in comparison to 85.83/86 a day earlier. Dealers said the local unit is likely to remain range-bound this week amidst steady demand for import payments and level dollar inflows. The rupee hit a record low of 86.50 in May, but has majorly seen stability since then.
Published in The Express Tribune, July 15th, 2011.
The rupee ended slightly lower against the dollar on Thursday as it closed at 85.85/90 in comparison to 85.83/86 a day earlier. Dealers said the local unit is likely to remain range-bound this week amidst steady demand for import payments and level dollar inflows. The rupee hit a record low of 86.50 in May, but has majorly seen stability since then.
Published in The Express Tribune, July 15th, 2011.