Rupee sheds 4 paisas against dollar

ISLAMABAD    -   Pakistan rupee on Monday lost 04 paisas against US dollar in the interbank trading and closed at Rs278.36 against the previous day’s closing at Rs 278.32. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market, however, were Rs 277.5 and Rs 280 respectively. The price of the Euro increased by 44 paisas to close at Rs301.67 against the last day’s closing of Rs301.23, according to the State Bank of Pakistan (SBP). The Japanese Yen remained unchanged to close at Rs1.77, whereas an increase of 62 paisas was witnessed in the exchange rate of the British Pound, which traded at Rs353.85 as compared to the last day’s closing of Rs353.23. The exchange rate of the Emirates Dirham and the Saudi Riyal increased by 01 paisa each to close at Rs 75.78 and Rs 74.21.

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