Rupee weakens against dollar

ISLAMABAD   -   Exchange rate of the Pakistan rupee depreciated by 03 paisa against the US dollar in the interbank trading on Wednesday and closed at Rs278.40 against the previous day’s closing of Rs278.37. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market, however, were Rs277.9 and Rs280.7, respectively. The price of the Euro increased by Rs1.19 to close at Rs299.58 against the last day’s closing of Rs298.39, according to the State Bank of Pakistan (SBP). The Japanese yen remained unchanged and closed at Rs1.72, whereas an increase of Rs1.92 was witnessed in the exchange rate of the British Pound, which was traded at Rs353.37 as compared to the last day’s closing of Rs351.45. The exchange rates of the Emirates Dirham and the Saudi Riyal increased by 01 paisa each to close at Rs75.80 and RS74.21, respectively.

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