Rupee gains 14 paisas against dollar

ISLAMABAD - Pakistani rupee on Wednesday gained 14 paisas against US dollar in the interbank trading and closed at Rs 285.38 against the previous day’s closing at Rs 285.52. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 285.4 and Rs 288 respectively. The price of the Euro increased by Rs 1.10 to close at Rs 313.49 against the last day’s closing of Rs 312.39, according to the State Bank of Pakistan (SBP). The Japanese Yen gained one paisa to close at Rs 1.93; whereas an increase of Rs 1.95 was witnessed in the exchange rate of the British Pound, which traded at Rs 362.28 as compared to the last closing of Rs 360.33. The exchange rates of the Emirates Dirham and the Saudi Riyal decreased by 03 and 04 paisas to close at Rs 77.71 and Rs 76.08 respectively.

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