Business
Rupee strengthens against US dollar, closes at Rs171.65
Islamabad: The exchange rate of the Pakistan rupee against the US dollar strengthened by 37 paisas in the interbank trading on Monday to close at Rs 171.28 against the previous day’s closing of Rs 171.65.
According to the Forex Association of Pakistan, the buying and selling rates of dollars in the open market were recorded at Rs 170.9 and Rs 172.3 respectively.
Likewise, the price of the euro which was traded at Rs 198.15, depreciated by Rs 2.17 as compared to its last closing of Rs 200.32, the State Bank of Pakistan reported.
The Japanese Yen lost two paisas to close at Rs 1.49, whereas a decrease of Rs 2.87 was witnessed in the exchange rate of the British Pound, which was traded at Rs 233.84 as compared to its last closing of Rs 236.71.
The exchange rates of Emirates Dirham and Saudi Riyal decreased by 10 paisas each to close at Rs 46.63 and Rs 45.66 respectively.