KARACHI: The rupee ended unchanged against the dollar at a record low of Rs181.73 at the interbank foreign exchange market, dealers said.

The rupee was under pressure, as the market opened after the holiday on account of Pakistan Day, they said, adding that the inflows under remittances and export receipts helped the rupee maintain the current levels.

The dealers said the rupee was under pressure during the past couple of weeks due to no-confidence motion against the prime minister by the opposition parties.

The dollar demand was also mounting due to import of commodities related to the holy month of Ramazan.

The local forex market is also uncertain due to volatile oil prices in the international market. The oil prices have seen continuous fluctuation since the Russia-Ukraine war began on February 24, 2022.

The dealers said the decline in the foreign exchange reserves was also another reason behind the rupee depreciation.

The local currency remained under pressure since the start of the current fiscal year. It lost Rs24.19, or 15.35 per cent, from Rs157.54 against the dollar on June 30, 2021 to the current level of Rs181.73.