Rupee gains Rs1.02 against US dollar

F.P. Report

ISLAMABAD: Pakistani Rupee on Thursday witnessed the 18th consecutive recovery session as it gained Rs 1.02 against the US dollar in the interbank trading and closed at Rs287.73 against the previous day’s closing of Rs288.75.

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs286.15 and Rs289 respectively. The price of the Euro decreased by Rs 2.59 to close at Rs302.44 against the last day’s closing of Rs305.03, according to SBP.

The Japanese Yen came down by 01 paisa to close at Rs1.92, whereas a decrease of 88 paisa was witnessed in the exchange rate of the British Pound, which traded at Rs349.86 as compared to the last closing of Rs350.74. The exchange rates of the Emirates Dirham and the Saudi Riyal declined by 28 paisa each to close at Rs78.33 and Rs76.70 respectively. (APP)