Rupee loses 5 paisas against US dollar



The exchange rate of Pakistani rupee declined by 05 paisas against the US dollar in the interbank trading on Monday and closed at Rs160.79 as compared to the previous day’s closing of Rs160.74.

Meanwhile, according to Forex Association of Pakistan, the buying and selling rates of dollar in the open market were recorded at Rs160.6 and Rs161.3 respectively. In interbank trading, the price of euro depreciated by 02 paisas and closed at Rs195.78 against the last day’s trading of Rs 195.80, State Bank of Pakistan reported.

The Japanese Yen remained unchanged to close at Rs1.55, whereas an increase of 45 paisas was witnessed in the exchange rate of British Pound which was traded at Rs220.41 as compared to its last closing of Rs219.96. The exchange rates of Emirates Dirham and Saudi Riyal increased by 01 paisa each to close at Rs 43.77 and Rs 42.86 respectively.—APP

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