Rupee recovers 96 paisa against US dollar


Staff Reporter


The exchange rate of Pakistani rupee strengthened by 96 paisas against US dollar in the interbank trading on Tuesday and closed at Rs 160.08 against the previous day’s closing of 161.04.
Meanwhile, according to Forex Association of Pakistan, the buying and selling rates of dollar in the open market were recorded at Rs 160.6 and Rs 161.5 respectively.
In interbank trading, the price of euro depreciated by Rs 1.05 and closed at Rs 190.04 against the last day’s trading of Rs 191.09, State Bank of Pakistan reported.
The Japanese Yen lost one paisa to close at Rs1.54, whereas a decrease of 96 paisas was witnessed in the exchange rate of British Pound which was traded at Rs 214.00 as compared to its last closing of Rs 214.96.