Rupee Sheds 8 Paisa Against Dollar

APP

Islamabad: The Pakistani rupee witnessed a devaluation of 8 paisa against the US dollar on Wednesday in interbank trading and closed at Rs 277.91 against the previous day’s Pakistani rupee witnessed a devaluation of 8 paisa against the US dollar on Wednesday in interbank trading and closed at Rs 277.91 against the previous day’s closing of Rs 277.83.

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 278 and Rs 281.75, respectively.

The price of the euro increased by 92 paisa to close at Rs299.34 against the last-day closing of Rs298.42, according to the State Bank of Pakistan (SBP).

The Japanese Yen remained unchanged and closed at Rs1.83, whereas an increase of 48 paisa was witnessed in the exchange rate of the British Pound, which was traded at Rs349.24 compared to the last closing of Rs348.76. 

The Emirates Dirham and the Saudi Riyal increased by 2 paisa each to close at Rs 75.67 and Rs 74.09, respectively.