Pakistani rupee gains Rs 0.16 against US dollar

KARACHI: Pakistani rupee (PKR) on Friday continued its recovery and appreciated by Rs 0.16 against the US dollar in the interbank trading and closed at Rs 278.50 against the previous day’s closing of Rs278.66.

As per the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.2 and Rs 280.4 respectively.

The price of Euro came down by Rs 0.20 to close at Rs 300.82 against the last day’s closing of Rs 301.02, according to the State Bank of Pakistan (SBP).

The Japanese yen went up by Rs 0.1 and closed at Rs1.86, whereas a decrease of Rs 2.36 was witnessed in the exchange rate of the British Pound, which traded at Rs354.12 as compared to the last day’s closing of Rs356.48.

The exchange rates of the Emirates Dirham and the Saudi Riyal decreased by Rs 0.4 and Rs 0.7 paisa to close at Rs75.82 and Rs74.20 respectively.