Rupee recovers Rs1.57 against Dollar in interbank
Last updated on: 16 March,2020 07:55 pm
The buying and selling rates of Dollar in open market were recorded at Rs156.5 and Rs159
ISLAMABAD (APP) – After suffering significant losses last week, the Pakistani rupee recovered some of its losses on first day of the trading week as the exchange rate of PKR against US dollar witnessed increase of Rs1.57 in interbank on Monday and was traded at Rs158.40 against Rs159.97 on last trading day, State Bank of Pakistan (SBP) reported.
However, according to Forex Association of Pakistan the buying and selling rates of Dollar in open market were recorded at Rs156.5 and Rs159 respectively.
The SBP further reported that in interbank, the price of Euro depreciated by 2 paisa and traded at Rs177.89 against the last closing of Rs177.91 on last trading day.
The Japanese yen depreciated by 1 paisa to close at Rs1.49 whereas a decrease of Rs4.79 was witnessed in the exchange rate of British Pound which was traded at Rs195.53 as compared to its last closing of Rs200.32.
The Exchange rate of UAE Dirham and Saudi Rayal witnessed decrease of 16 paisa and 15 paisa to close at Rs43.12 and Rs 42.20 respectively, the SBP reported.