Pak Rupee appreciates 12 paise against dollar in interbank

Islamabad (APP): The Pakistan rupee appreciated by 12 paise against the US dollar in the interbank trading on Friday to close at Rs278.37 against the previous day’s closing of Rs278.49.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market, however, were Rs277.75 and Rs280.50 respectively.

The price of the Euro increased by 60 paise to close at Rs301.43 against the last day’s closing of Rs300.83, according to the State Bank of Pakistan (SBP).

The Japanese yen went up by 01 paise and closed at Rs1.73, whereas an increase of 52 paise was witnessed in the exchange rate of the British Pound, which was traded at Rs355.72 as compared to the last day’s closing of Rs355.20.

The exchange rates of the Emirates Dirham and the Saudi Riyal decreased by 04 paise and 03 paise to close at Rs75.78 and Rs74.20 respectively.