Pakistani Rupee Maintains Upward Momentum Against Dollar in Interbank Market

The rupee gained three paisa against US dollar, while euro and British pound appreciated against Pakistani currency. The Japanese yen and UAE dirham remained unchanged.

Business Desk

ISLAMABAD: Pakistani Rupee on Monday appreciated by 03 paisa against the US Dollar in interbank trading and closed at Rs 276.72, compared to the previous day’s closing of Rs 276.75.

According to the Forex Association of Pakistan (FAP), the dollar's open-market buying and selling rates were Rs 277.55 and Rs 280.05, respectively. The price of the Euro increased by Rs 0.38 closing at Rs 310.17 against the previous day’s rate of Rs 309.79, according to the State Bank of Pakistan (SBP).

The Japanese Yen remained unchanged to close at Rs 1.75; while the British Pound surged by Rs 0.32 and closed at Rs 371.51 against the previous day’s Rs 371.19. The exchange rates of the Emirate Dirham remained stagnant at Rs 75.34, while the Saudi Riyal came down by 01 paisa and closed at Rs73.73.