Rupee sheds 8 paisa against US dollar

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Islamabad

The exchange rate of Pakistani rupee declined by 08 paisas against the US dollar in the interbank trading on Tuesday and closed at Rs160.60 as compared to the previous day’s closing of Rs160.52. Meanwhile, according to Forex Association of Paki-stan, the buying and selling rates of dollar in the open market were recorded at Rs160.3 and Rs160.9 respectively.
In interbank trading, the price of euro appreciated by 72 paisas and closed at Rs194.58 against the last day’s trading of Rs193.86, State Bank of Pakistan reported. The Japanese Yen remained unchanged to close at Rs1.54, whereas an increase of 96 paisas was wit-nessed in the exchange rate of British Pound which was traded at Rs218.33 as compared to its last clos-ing of Rs217.37. The exchange rates of Emirates Dirham and Saudi Riyal increased by 02 paisas each to close at Rs 43.72 and Rs 42.81 respectively.—APP

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