Rupee recovers 28 paisas against US dollar

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Islamabad

The exchange rate of Pakistani rupee strengthened by 28 paisas against the US dollar in the interbank trading on Thursday and closed at Rs160.39 as compared with the previous day’s closing of 160.11. Meanwhile, according to Forex Association of Pakistan, the buying and selling rates of dollar in the open market were recorded at Rs160 and Rs160.7 respectively. In interbank trading, the price of euro appreciated by 15 paisas and closed at Rs195.87 against the last day’s trading of Rs 195.72, State Bank of Pakistan reported. The Japanese Yen remained unchanged to close at Rs1.55, whereas an increase of 67 paisas was witnessed in the exchange rate of British Pound which was traded at Rs217.42 as compared to its last closing of Rs 216.75. The exchange rates of Emirates Dirham and Saudi Riyal decreased by 08 paisas each to close at Rs 43.59 and Rs 42.67 respectively.—APP

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