Rupee weakens

The rupee ended marginally down on Monday in a dull trading session, currency dealers said. The rupee closed at 115.50 against the dollar as compared to the previous closing of 115.49.

“The foreign exchange market was mostly stable. The currency was trading in a very narrow band of 115.50/115.51,” a dealer said.

“There was a normal importer dollar demand, as well.” In the kerb market, the rupee hovered at 116/116.30 for buying and selling against the dollar. It traded at 115.80/116.30 in the previous trade.

Earlier, the Pakistan Bureau of Statistics (PBS) published inflation numbers for the month of March. The PBS data showed that consumer price inflation went down to 3.2 percent in March as compared to 3.8 percent in February.