Rupee weakens 49 paisas against dollar

ISLAMABAD - Exchange rate of the Pakistan rupee weakened by 49 paisas against the United States dollar in the interbank trading on Monday and closed at Rs178.98 against the previous day’s closing of Rs178.51. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs178.8 and Rs179.9, respectively. Similarly, the price of the euro was depreciated by 38 paisas and closed at Rs196.24 against the previous day’s closing of Rs196.62. The Japanese Yen lost 1 paisa to close at Rs1.51, whereas, a decrease of 8 paisas was witnessed in the exchange rate of British Pound, which was traded at Rs233.55 as compared to its last closing of Rs233.63.  The exchange rates of Emirates Dirham and Saudi Riyal increased by 12 paisas to close at Rs48.72 and Rs47.70, respectively.

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