Times of Islamabad

Pakistani Rupee strengthened against the US Dollar in interbank market

Pakistani Rupee strengthened against the US Dollar in interbank market

The exchange rate of Pakistani rupee strengthened by 13 paisas against theUS dollar in the interbank trading on Thursday and closed at Rs 166.21 ascompared to the last closing of Rs 166.34.

However, according to Forex Association of Pakistan, the buying and sellingrates of dollar in open market were recorded at Rs 166.5 and Rs 167respectively.

The State Bank of Pakistan reported that in interbank trading, the price ofeuro depreciated by Rs 1.22 and closed at Rs 196.21 against the last day’strading of Rs 197.43.

The Japanese Yen remained stable at Rs 1.58, whereas an increase of 67paisas was witnessed in the exchange rate of British Pound which was tradedat Rs 215.35 as compared to its last closing of Rs 214.68.

The exchange rates of Saudi Riyal and Emirates Dirham also decreased by 03paisas each to close at Rs 44.31 and Rs 45.25 respectively.