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Pak rupee depreciates against dollar

MM News Staff by MM News Staff
August 26, 2020
Reading Time: 1 min read
Rupee gains 87 paisas against US dollar

Rupee gains 87 paisas against US dollar

KARACHI: The exchange rate of the Pakistani rupee depreciated by 06 paisas against the US dollar in the interbank trading on Wednesday and closed at Rs168.43 as compared to the last closing of Rs168.37.

According to the Forex Association of Pakistan, the buying and selling rates of dollars in the open market were recorded at Rs168.3 and Rs 169 respectively.

The State Bank of Pakistan (SBP) reported that in interbank trading, the price of euro appreciated by 02 paisas and closed at Rs198.98 against the last day’s trading of Rs198.96.

The Japanese Yen remained stable at Rs1.58, whereas a decrease of 18 paisas was witnessed in the exchange rate of British Pound which was traded at Rs 220.09 as compared to its last closing of Rs 220.27.

The exchange rates of Saudi Riyal and Emirates Dirham also increased by 02 paisas each to close at Rs 44.91 and Rs 45.85 respectively.

On Tuesday, The exchange rate of Pakistani rupee had remained unchanged against the US dollar in the interbank trading and closed at Rs168.37.

According to the Forex Association of Pakistan, the buying and selling rates of the dollar in the open market were recorded at Rs168.2 and Rs 168.8 respectively.

The State Bank of Pakistan reported that in interbank trading, the price of euro appreciated by 04 paisas to close at Rs198.96 against the last day’s trading of Rs198.92.

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