Rupee recovers Rs4.7 vs dollar
ISLAMABAD – Exchange rate of Pak rupee rebounded on Thursday in the wake of good news of loan from China and a possible deal with the International Monetary Fund (IMF) as the PKR recovered Rs 4.70 against the US dollar in the interbank trading and closed at Rs 207.23 against the previous day’s closing of Rs 211.93. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs 206.5 and Rs 209.5 respectively. The price of Euro depreciated by Rs 5.01 and closed at Rs 217.73 against the previous day’s closing of Rs 222.74. Meanwhile, Japanese Yen lost three paisas to close at Rs 1.52, whereas a decrease of Rs 6.61 was witnessed in the exchange rate of British Pound, which was traded at Rs 252.20 as compared to its last closing of Rs 258.81. The exchange rates of Emirates Dirham and Saudi Riyal decreased by Rs 1.26 to close at Rs 56.41 and Rs 55.22 respectively.