Rupee closes at Rs230.89 against dollar

F.P. Report

KARACHI: The exchange rate of the Pakistani rupee depreciated by 49 paisa against the US dollar in the interbank trading on Wednesday and closed at Rs230.89 against the previous day’s closing of Rs230.40.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs240.60 and Rs243.00 respectively.

The price of the euro appreciated by 27 paisa and closed at Rs251.28 against the previous day’s closing of Rs251.01, according to the State Bank of Pakistan.

The Japanese yen remained unchanged to close at Rs1.77, whereas a decrease of Rs1.76 was witnessed in the exchange rate of the British pound, which was traded at Rs284.19 as compared to its last closing of Rs285.95.

The exchange rates of the Emirates dirham and Saudi riyal increased by 16 paisa and 13 paisa to close at Rs62.86 and Rs61.49 respectively.