Pakistani rupee appreciates to 5-month high against USD

KARACHI: Pakistani Rupee (PKR) on Wednesday strengthened by Re0.23paisa against the US dollar (USD) in the interbank, SBP said.

The greenback closed at Rs278.40 against the previous day’s closing of Rs278.63.

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the USD in the open market stood at Rs278.7 and Rs 281.45, respectively.

The price of the Euro remained unchanged to close at Rs302.35, according to the State Bank of Pakistan (SBP).

The Japanese Yen came down by 02 paisa and closed at Rs1.83, whereas an increase of 02 pasia was witnessed in the exchange rate of the British Pound, which was traded at Rs353.80 compared to the last closing of Rs353.78.

The Emirates Dirham and the Saudi Riyal decreased by 06 paisa each to close at Rs75.81 and Rs74.23.