Rupee sheds 22 paisa against dollar

F.P. Report

KARACHI: The exchange rate of the Pakistani rupee depreciated by 22 paisa against the US dollar in the interbank trading on Thursday and closed at Rs228.14 against the previous day’s closing of Rs227.92.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs235.6 and Rs237.9 respectively.

The price of the euro increased by Rs44 paisa and closed at Rs245.36 against the previous day’s closing of Rs244.92, according to the SBP.

The Japanese yen gained one paisa to close at Rs1.73, whereas an increase of 01 paisa was witnessed in the exchange rate of the British pound, which was traded at Rs277.14 as compared to its last closing of Rs277.13.

The exchange rates of the Emirates dirham and Saudi riyal increased by 06 paisa each to close at Rs62.11 and Rs60.74 respectively.