Rupee sheds 22 paisa against dollar

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PKR USD

The exchange rate of the Pakistani rupee depreciated by 22 paisa against the US dollar in the interbank trading on Wednesday and closed at Rs 226.37 against the previous day’s closing of Rs 226.15. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs 233.2 and Rs 235.5 respectively.

The price of the euro was decreased by 22 paisa and closed at Rs 240.65 against the previous day’s closing of Rs 240.87, according to the State Bank of Pakistan (SBP). The Japanese Yen lost one paisa to close at Rs1.68, whereas an increase of 58 paisa was witnessed in the exchange rate of the British Pound, which was traded at Rs 272.21 .—APP