Rupee rises further against US dollar

KARACHI: The Pakistani rupee (PKR) on Tuesday gained Rs0.81 against the dollar in the interbank market, ARY News reported quoting SBP.

According to the State Bank of Pakistan, the local unit (PKR) recovered Rs0.81 against USD to close at 283.90. The US dollar closed at Rs284.71 the other day.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of US dollar in the open market were recorded at Rs 287 and Rs 289, respectively.

Meanwhile, the price of the Euro decreased by Rs 1.94 to close at Rs 311.15 against the last day’s closing of Rs 313.09, according to the State Bank of Pakistan (SBP).

The Japanese Yen declined by 01 paisas and stood at Rs 2.11; whereas a drop of Rs 1.23 was witnessed in the exchange rate of the British Pound, which traded at Rs352.49 as compared to its last day’s closing of Rs353.72.

The exchange rate of the Emirates Dirham and Saudi Riyal dipped by 21 paisas each to close at Rs 77.31 and Rs 75.69, respectively.

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