Rupee sheds 4 paisas against dollar

ISLAMABAD   -   The rupee on Monday weak­ened by 04 paisas against the US dollar in the inter­bank trading and closed at Rs 279.32 against the pre­vious day’s closing of Rs 279.28. However, accord­ing to the Forex Associa­tion of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 280 and Rs 282, respectively. The price of the Euro in­creased by 78 paisas to close at Rs301.64 against the last day’s closing of Rs300.86, according to the State Bank of Pakistan (SBP). The Japanese Yen gained 01 paisa to close at Rs1.87, whereas an in­crease of 86 paisas was witnessed in the exchange rate of the British Pound, which was traded at Rs 353.18 compared to the last closing of Rs 352.32. The exchange rates of the Emirates Dirham and the Saudi Riyal increased by 02 paisas and 01 paisa to close at Rs 76.05 and Rs 74.48 respectively.

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