Rupee strengthens against US dollar

ISLAMABAD: The Rupee on Wednesday appreciated by 01 paisa against the US Dollar in interbank trading and closed at Rs279.21 compared to the previous day’s closing of Rs 279.22.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market were recorded at Rs 279.45 and Rs 280.2, respectively.

The price of the Euro against the rupee decreased by Rs 0.21 to close at Rs 323.80 from the previous day’s close of Rs 324.01, according to the State Bank of Pakistan (SBP).

The Japanese Yen came down by 01 paisa and closed at Rs 1.75, whereas the exchange rate of the British Pound witnessed a decrease of Rs 0.75 and closed at Rs 374.05 compared to the previous day’s Rs 374.80. The exchange rate of the Emirate and the Saudi Riyal surged by 01 and 02 paisa to close at Rs 76.02 and Rs 74.40. Staff Report