Rupee sheds 7 paisas against dollar

ISLAMABAD   -   The ru­pee on Monday weakened by 07 paisas against the US dollar in the interbank trading and closed at Rs 279.26 against the previous day’s closing of Rs 279.19. However, according to the Forex Association of Paki­stan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.2 and Rs 282.1, respec­tively. The price of the Euro increased by Rs1.04 to close at Rs 303.09 against the last day’s closing of Rs 302.05, according to the State Bank of Pakistan (SBP). The Japanese Yen remained un­changed to close at Rs185, whereas an increase of Rs1.15 was witnessed in the exchange rate of the British Pound, which was traded at Rs 354.02 compared to the last closing of Rs 352.87. The exchange rates of the Emir­ates Dirham and the Saudi Riyal increased by 02 paisas each to close at Rs 76.03 and Rs 74.46 respectively.

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