Rupee sheds 18 paisa against US Dollar

F.P. Report

ISLAMABAD: Pakistani Rupee on Monday witnessed a devaluation of 18 paisa against the US dollar in the interbank trading and closed at Rs305.64 against the previous day’s closing of Rs305.46.

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs331 and Rs334 respectively. The price of the Euro decreased by Rs1.48 to close at Rs330.04 against the last day’s closing of Rs331.52, according to the State Bank of Pakistan (SBP).

The Japanese Yen came down up by 02 paisa and stood at Rs2.08, whereas a decrease of Rs1.46 was witnessed in the exchange rate of the British Pound, which traded at Rs385.96 as compared to the last closing of Rs387.42.

The exchange rates of the Emirates Dirham and the Saudi Riyal increased by 05 and 04 paisa to close at Rs83.21 and Rs81.48 respectively.