US dollar crosses Rs161 after nearly six months

Dunya News

The greenback closed at Rs161.48

KARACHI (Dunya News) – The exchange rate of US Dollar strengthened by Rs1.54 in the interbank on Monday against Pakistani rupee.

The greenback closed at Rs161.48 on first business day of the week compared to previous closing of Rs159.94.

Since start of July, dollar has risen by Rs3.61. However, the greenback has lost 6.95 rupees or 4.21 percent of its value from its peak of 168.43 in August 2020.

Meanwhile, the price of euro appreciated by Rs1.46 and closed at Rs190.28 against the last working day’s trading of Rs188.82 the State Bank of Pakistan reported.

The Japanese Yen closed at Rs1.47, whereas an increase of 10 paisa was witnessed in the exchange rate of British Pound, which was traded at Rs221.60 as compared to its last closing of Rs221.50.

The exchange rates of Emirates Dirham and Saudi Riyal increased by about 42 paisa each to close at Rs43.96 and Rs43.05 respectively.