Rupee slides against dollar

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Rupee's 11-day winning streak

Exchange rate of Pakistan rupee weakened by 05 paisas against the United States dollar in the interbank trading on Friday and closed at Rs181.78 against the previous day’s closing of Rs181.73.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs181.7 and Rs183 respectively.

Similarly, the price of the euro was appreciated by 04 paisas and closed at Rs200.47 against the previous day’s closing of Rs199.43.

The Japanese Yen remained unchanged to close at Rs1.49, whereas an increase of 36 paisas was witnessed in the exchange rate of British Pound, which was traded at Rs239.89 as compared to its last closing of Rs239.53. The exchange rates of Emirates Dirham and Saudi Riyal increased by 02 paisas to close at Rs49.49 and Rs48.46 respectively.—APP

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