Rupee extends losses
April 22, 2021
KARACHI: The rupee remained weak for the third consecutive session on Wednesday, breaching 152-level mark, weighed down by importersâ dollar demand,â dealers said.
The rupee closed at 153.24 against the dollar, 0.16 percent weaker than the previous closing of 152.99 in the interbank market.
In the open market, the rupee ended at 153.60 against the dollar, compared with 153.30 on Tuesday. Dealers said the rupee has been under pressure for the last few days owing to the persistent demand for the greenback from importers for payments. âThe rupee will most likely to see slight depreciation in the near-term due to increasing import payments,â a dealer said. ....