Rupee sheds Rs1.26 against dollar

ISLAMABAD – The Pakistani rupee weakened by Rs 1.26 against the dollar in the interbank trading on Wednesday and closed at Rs 279.12 against the previous day’s closing of Rs 277.86. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs 278.2 and Rs 281 respectively. The price of the Euro decreased by Rs 2.94 and closed at Rs 294.19 against the last day’s closing of Rs 297.13, according to the State Bank of Pakistan (SBP).

Pakistani rupee depreciated by 63 paisas against the US dollar in the interbank trading on Tuesday and closed at Rs262.51 against the previous day’s closing of Rs261.88.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs267 and Rs269.5 respectively. The price of the Euro decreased by 08 paisas and closed at Rs280.10 against the last day’s closing of Rs280.18. The Japanese Yen remained unchanged to close at Rs1.95, whereas a decrease of 06 paisas was witnessed in the exchange rate of the British Pound, which was traded at Rs315.44 as compared to its last closing of Rs315.50. The exchange rates of the Emirates Dirham and Saudi Riyal decreased by 17 paisas each to close at Rs71.47 and Rs69.98 respectively.