Wobbly rupee further weakens vs US dollar

KARACHI: The rupee Friday weakened at 97.56/97.62 against the dollar, compared to Thursday's 97.34/97.97.

The rupee came under pressure due to import payments. The local currency may fall further due to strong demand for the dollar from importers, a dealer said.

Overnight rates in the money market ended at 9 percent compared to Thursday's close of 9.90 percent. (Reuters)