Rupee Sheds Two Paisa Against Dollar

APP

Islamabad: The Pakistani rupee witnessed a devaluation of 02 paisa against the US dollar in interbank trading and closed at Rs 277.94 against the previous day’s closing of Rs277.92.

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.3 and Rs 280.4, respectively.

 The price of the euro decreased by 9 paisa to close at Rs 301.07 against the last-day closing of Rs 301.16, according to the State Bank of Pakistan (SBP).

 The Japanese Yen remained unchanged and closed at Rs1.83, whereas an increase of 10 paisa was witnessed in the exchange rate of the British Pound, which was traded at Rs350.97 compared to the last closing of Rs350.87. 

The Emirates Dirham and the Saudi Riyal remained stagnant, closing at Rs 75.68 and Rs 74.09, respectively.