Rupee gains 16 paisa against dollar

ISLAMABAD  -  The rupee on Friday appreciated by 16 paisa against the US dollar in the interbank trading and closed at Rs282.06 against the previous day’s closing of Rs282.22. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs283.55 and Rs284.55, respectively. The price of the Euro decreased by R0.87 to close at Rs329.58 against the last day’s closing of Rs330.45, according to the State Bank of Pakistan (SBP). The Japanese yen went up by 01 pasia and closed at Rs1.92, while the exchange rate of the British Pound witnessed an increase of 07 paisa to close at Rs382.36 against the last day’s closing of Rs382.29. The exchange rates of the Emirates Dirham and the Saudi Riyal decreased by 04 and 03 paisa and closed at Rs76.79 and Rs75.17, respectively.

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