Rupee shed three paise against dollar

Lahore: Pakistan Rupee on Tuesday witnessed a devaluation of 03 paisa against the US Dollar in the interbank trading and closed at Rs278.37 against the previous day’s closing at Rs 278.34.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market, however, were Rs277.7 and Rs280.55 respectively.

The price of the Euro increased by 73 paisa to close at Rs298.39 against the last day’s closing of Rs 297.68, according to the State Bank of Pakistan (SBP).

The Japanese yen remained unchanged and closed at Rs1.72, whereas a decrease of 47 paisa was witnessed in the exchange rate of the British Pound, which was traded at Rs351.45 as compared to the last day’s closing of Rs351.92.

The exchange rates of the Emirates Dirham and the Saudi Riyal increased by 01 paisa to close at Rs 75.79 and RS 74.20 respectively.