Rupee gains Rs1.04 against US Dollar

F.P. Report

ISLAMABAD: Pakistani Rupee on Tuesday witnessed the 11th consecutive recovery session as it gained Rs1.04 against the US dollar in the interbank trading and closed at Rs294.90 against the previous day’s closing of Rs295.94.

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs295.6 and Rs298.5 respectively.

The price of the Euro decreased by 34 paisa to close at Rs315.28 against the last day’s closing of Rs315.62, according to the State Bank of Pakistan.

The Japanese Yen came down by 01 paisa to close at Rs1.99, whereas a decrease of Rs1.09 was witnessed in the exchange rate of the British Pound, which traded at Rs365.32 as compared to the last closing of Rs366.41.

The exchange rates of the Emirates Dirham and the Saudi Riyal declined by 28 and 27 paisa to close at Rs80.29 and Rs78.62 respectively.