Rupee falls against US dollar in interbank

Karachi: The Pakistani rupee depreciated against the US dollar, declining 0.06 per cent in the interbank market on Monday.

The local unit settled at 278.37 after falling Re0.17 against the greenback, the State Bank of Pakistan (SBP) said.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market, however, were Rs 277.75 and Rs 280.5 respectively.

The price of the Euro decreased by Rs 3.43 to close at Rs 299.52 against the last day’s closing of Rs 302.95, according to the State Bank of Pakistan (SBP).

The Japanese Yen came down by 01 paisa and closed at Rs 1.77, whereas a decrease of Rs 2 was witnessed in the exchange rate of the British Pound, which traded at Rs 354.04 as compared to the last day’s closing of Rs 356.04.

The exchange rate of the Emirates Dirham and the Saudi Riyal increased by 04 paisa and 05 paisa to close at Rs 75.78 and Rs 74.22.