KARACHI: The rupee fell 76 paisas against the dollarlinkonMonday, owing to a jump in the global oil prices and rising foreigncurrency demand for import payments, dealers said.
The exchange rate ended at Rs175.47 against the dollar from Friday’sclosing at Rs174.71 in the interbanklink foreign exchange market.
The dealers said high oil prices in the international markets escalated thedemand for the dollars. Oil prices were steady on Monday in seesaw trading,after hitting their highest in more than seven years on Ukraine-Russiatension. The benchmark Brent Oil was trading around $94/barrel.
