Rupee sheds Rs1.95 against Dollar

F.P. Report

ISLAMABAD: Pakistani Rupee on Thursday witnessed a Rs 1.95 depreciation against US Dollar in the interbank trading and closed at Rs 283.42 against the previous day’s closing of Rs 281.47. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market stood at Rs 282.25 and Rs 285 respectively.

The price of the Euro increased by Rs2.36 to close at Rs300.43 against the last day’s closing of Rs 298.07, according to the State Bank of Pakistan. The Japanese Yen increased by 02 paisa and closed at Rs 1.88; whereas an increase of 74 paisa was witnessed in the exchange rate of the British Pound, which traded at Rs 344.74 as compared to the last closing of Rs 343. The exchange rates of the Emirates Dirham and the Saudi Riyal increased by 21 paisa each to close at Rs 77.16 and Rs 75.55 respectively.