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Wednesday, February 1, 2023
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Rupee extends losses against dollar

The Pakistan rupee depreciated by 25 paisa against the US dollar in the interbank trading on Monday and closed at Rs224.64 against the previous day’s closing of Rs224.39.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market were recorded at Rs231.5 and Rs234, respectively.

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The price of the euro was decreased by 68 paisa and closed at Rs236.48 against the previous day’s closing of Rs237.16, according to the State Bank of Pakistan (SBP).

The Japanese Yen lost one paisa to close at Rs1.64, whereas a decrease of one paisa was witnessed in the exchange rate of the British Pound, which was traded at Rs275.03 as compared to its last closing of Rs275.04. The exchange rates of the Emirates Dirham and Saudi Riyal increased by 07 paisa each to close at Rs61.16 and Rs59.73 respectively.

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