Rupee continues upward trend against dollar

Pakistani Rupee Appreciates Against US Dollar on January 10, 2024

In the interbank trading on Wednesday, January 10, 2024, the Pakistani Rupee demonstrated a positive trend by appreciating 10 paisa against the US Dollar, closing at Rs281.12 compared to the previous day’s closing rate of Rs281.22.

Contrastingly, the Forex Association of Pakistan (FAP) reported that in the open market, the buying and selling rates of the US Dollar were recorded at Rs280.5 and Rs283, respectively.

The Euro experienced a decrease of 94 paisa, concluding at Rs307.16 against the last day’s closing rate of Rs308.10, as stated by the State Bank of Pakistan (SBP).

In terms of the Japanese Yen, a marginal loss of 02 paisa was observed, with the closing rate settling at Rs1.93. Meanwhile, the British Pound witnessed a notable decrease of Rs1.139, closing at Rs356.97 compared to the previous day’s closing rate of Rs358.36.

Additionally, the exchange rates of the Emirates Dirham and the Saudi Riyal both decreased by 02 each, closing at Rs76.54 and Rs74.96, respectively.

This comprehensive currency market update provides a snapshot of the fluctuations in major exchange rates, offering valuable insights for traders, investors, and those closely monitoring the financial landscape.

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