Pakistani Rupee falls significantly against US Dollar in the interbank market

Shares
Pakistani Rupee falls significantly against US Dollar in the interbank market

ISLAMABAD: The exchange rate of Pakistani rupee weakened Rs. 1.07 against US dollar in the interbank on Tuesday to close at Rs. 167.65 compared to the last closing of Rs. 166.58.

However, according to Forex Association of Pakistan, the buying and selling rates of Dollar in open market were recorded at Rs. 166.5 and Rs. 167.5 respectively.

The State Bank of Pakistan reported that in interbank, the price of Euro appreciated by Rs. 2.46 to close at Rs. 189.21 against the last day’s trading of Rs. 186.75.

The Japanese Yen appreciated by 01 paisa to close at Rs. 1.56, whereas an increase of Rs. 2.71 was witnessed in the exchange rate of British Pound which was traded at Rs. 209.51 as compared to its last closing of Rs. 206.80.

The exchange rates of Saudi Riyal and Emirates Dirham increased by 29 paisas each to close at Rs. 44.69 and Rs. 45.64 respectively.