The exchange rate of the Pakistani rupee depreciated by 25 paisa against the US dollar in the interbank trading on Wednesday and closed at Rs228.90 against the previous day’s closing of Rs228.65.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs236.75 and Rs239 respectively. The price of the euro increased by Rs1.10 and closed at Rs248.61 against the previous day’s closing of Rs247.51, according to the State Bank of Pakistan (SBP). The Japanese yen remained unchanged to close at Rs1.77, whereas an increase of Rs3.36 was witnessed in the exchange rate of the British pound, which was traded at Rs282.64 as compared to its last closing of Rs279.28. The exchange rates of the Emirates dirham and Saudi riyal increased by 07 paisa each to close at Rs62.32 and Rs60.94 respectively.