Rupee gains Rs1.11 against US Dollar

F.P. Report

ISLAMABAD: Pakistani Rupee on Thursday witnessed 13th consecutive recovery session as it gained Rs1.11 against the US dollar in the interbank trading and closed at Rs292.77 against the previous day’s closing of Rs293.88.

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs293 and Rs295.9 respectively.

The price of the Euro decreased by Rs2.31 to close at Rs311.98 against the last day’s closing of Rs314.29, according to the State Bank of Pakistan.

The Japanese Yen came down by 1 paisa to close at Rs1.97, whereas a decrease of Rs3.17 was witnessed in the exchange rate of the British Pound, which traded at Rs360.23 as compared to the last closing of Rs363.40. The exchange rates of the Emirates Dirham and the Saudi Riyal declined by 30 and 29 paisa to close at Rs79.71 and Rs78.05 respectively.