Rupee sheds 13 paisas against dollar

ISLAMABAD  -  Pakistani rupee on Wednesday depreciated by 13 paisas against the US dollar in the interbank trading and closed at Rs278.45 against the previous day’s closing of Rs278.32. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs278.6 and Rs280.1 respectively. The price of Euro decreased by 15 paisas to close at Rs 310.72 against the last day’s closing of Rs 310.87, according to the State Bank of Pakistan (SBP). The Japanese yen went up by 01 paisa and closed at Rs1.92, whereas an increase of 86 paisas was witnessed in the exchange rate of the British Pound, which traded at Rs368.45 as compared to the last day’s closing of Rs367.59. The exchange rates of the Emirates Dirham and the Saudi Riyal increased by 04 paisas and 03 paisas to close at Rs75.81 and Rs74.20 respectively.

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