Rupee extends losses against dollar

F.P. Report

KARACHI: The exchange rate of the Pakistani rupee depreciated by 48 paisas against the US dollar in the interbank trading on Tuesday and closed at Rs227.88 against the previous day’s closing of Rs227.40.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs234.65 and Rs237.00 respectively.

The price of the euro increased by Rs1.73 and closed at Rs244.65 against the previous day’s closing of Rs242.92, according to the State Bank of Pakistan.

The Japanese yen remained unchanged to close at Rs1.72, whereas an increase of 71 paisa was witnessed in the exchange rate of the British pound, which was traded at Rs277.03 as compared to its last closing of Rs276.32.

The exchange rates of the Emirates dirham and Saudi riyal increased by 13 paisa and 17 paisa to close at Rs62.04 and Rs60.69 respectively.