The exchange rate of the Pakistani rupee depreciated by 25 paisa against the US dollar in the interbank trading on Thursday and closed at Rs229.15 against the previous day’s closing of Rs228.90.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs237.25 and Rs239.5 respectively. The price of the euro decreased by 74 paisa and closed at Rs247.87 against the previous day’s closing of Rs248.61, according to the State Bank of Pakistan (SBP). The Japanese yen gained one paisa to close at Rs1.78, whereas a decrease of 02 paisa was witnessed in the exchange rate of the British pound, which was traded at Rs282.62 as compared to its last closing of Rs282.64. The exchange rates of the Emirates dirham and Saudi riyal increased by 06 paisa each to close at Rs62.38 and Rs61.00 respectively.