Rupee sheds 29 paisas against dollar

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Observer Report
Islamabad

The exchange rate of Pakistani rupee lost 29 paisa against US dollar in the interbank trading on Tuesday to close at Rs 152.89 as compared to the last closing of Rs 152.60.

According to Forex Association of Pakistan, the buying and selling rates of dollar in open market were recorded at Rs 152.8 and Rs 153.9 respectively.

The State Bank of Pakistan reported that in interbank, the price of euro appreciated by Rs 1.50 to close at Rs 186.80 against the last day’s trading of Rs 185.30.

The Japanese Yen gain one paisa to close at Rs 1.40, whereas an increase of Rs 2.21 was witnessed in the exchange rate of British Pound which was traded at Rs 217.39 as compared to its last closing of Rs 215.18. The exchange rates of Saudi Riyal and Emirates Dirham decreased by 08 paisa each to close at Rs 41.62 and Rs 40.76 respectively.