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Rupee sheds 3 paisa against US dollar

Staff Reporter

Karachi

Pak rupee shed three paisa against US dollar to close at Rs141.50 on Monday compared with the last closing of Rs141.47 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 Rs141.80/Rs142.30 as against last closing of Rs141.80/Rs142.30 in cash free market.