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Sunday, February 5, 2023
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HomeBusinessRupee sheds 5 paisa against dollar

Rupee sheds 5 paisa against dollar

The exchange rate of the Pakistan rupee depreciated by 05 paisa against the US dollar in the interbank trading on Wednesday and closed at Rs224.15 against the previous day’s closing of Rs224.10. The price of the euro was decreased by 61 paisa and closed at Rs234.52 against the previous day’s closing of Rs235.13, according to State Bank of Pakistan (SBP). The Japanese Yen remained unchanged to close at Rs1.63, whereas a decrease of Rs1.49 was witnessed in the exchange rate of the British Pound, which was traded at Rs272.03 as compared to its last closing of Rs273.52. The exchange rates of the Emirates Dirham and Saudi Riyal increased by one paisa each to close at Rs61.02 and Rs59.61 respectively. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs229.7 and Rs232 respectively.

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