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Rupee slides against US dollar

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Islamabad

The exchange rate of Pakistani rupee weakened by 06 paisas against the US dollar in the interbank trading on Monday and closed at Rs160.37 as compared to the previous day’s closing of 160.31.
Meanwhile, according to Forex Association of Pakistan, the buying and selling rates of dollar in the open market were recorded at Rs160.1 and Rs160.8 respectively.
In interbank trading, the price of euro appreciated by 55 paisas and closed at Rs196.22 against the last day’s trading of Rs 195.67, State Bank of Pakistan reported. The Japanese Yen gained one paisa to close at Rs1.55, whereas a decrease of 10 paisas was witnessed in the exchange rate of British Pound which was traded at Rs217.56 as compared to its last closing of Rs 217.66.—APP

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