Rupee sheds 18 paisa against dollar

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PKR USD

The exchange rate of the Pakistan rupee depreciated by 18 paisa against the US dollar in the interbank trading on Monday and closed at Rs 225.82 against the previous day’s closing of Rs 225.64.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs 233 and Rs 235 respectively.

The price of the euro was increased by 14 paisa and closed at Rs 239.86 against the previous day’s closing of Rs 239.72, according to the State Bank of Pakistan (SBP).

The Japanese Yen lost one paisa to close at Rs1.69, whereas an increase of 01 paisa was witnessed in the exchange rate of the British Pound, which was traded at Rs 272.27 as compared to its last closing of Rs 272.26.

The exchange rates of the Emirates Dirham and Saudi Riyal increased by 04 paisa each to close at Rs 61.48 and Rs 60.04 respectively.—APP