The exchange rate of the Pakistan rupee appreciated by one paisa against the US dollar in the interbank trading on Wednesday and closed at Rs223.94 against the previous day’s closing of Rs223.95. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs229.5 and Rs231.5 respectively. The price of the euro was depreciated by 49 paisa and closed at Rs231.88 against the previous day’s closing of Rs232.37. The Japanese Yen remained unchanged to close at Rs1.61, whereas a decrease of Rs1.64 was witnessed in the exchange rate of the British Pound, which was traded at Rs267.91 as compared to its last closing of Rs269.55. The exchange rates of the Emirates Dirham and Saudi Riyal also remained unchanged to close at Rs60.97 and Rs59.58 respectively.
