Rupee continues upward trend against dollar

Dollar rates 18th Sept 2023: Rupee Strengthens by 90 Paisa Against the US Dollar

On Monday, the Pakistani Rupee continued its 10th consecutive recovery streak, strengthening by 90 paisa against the US dollar in interbank trading, concluding the day at Rs 295.94 compared to the previous day’s closing rate of Rs 296.84.

In contrast, the Forex Association of Pakistan (FAP) reported that in the open market, the dollar’s buying and selling rates were recorded at Rs 296.1 and Rs 299, respectively.

Additionally, the Euro saw a decrease of 76 paisa, closing at Rs 315.62, as per the State Bank of Pakistan (SBP).

The Japanese Yen remained stable at Rs 2, while the British Pound experienced a decline of Rs 2.52, trading at Rs 366.41, compared to the previous closing rate of Rs 368.93.

Furthermore, the exchange rates of the Emirates Dirham and the Saudi Riyal both decreased by 25 paisa each, closing at Rs 80.57 and Rs 78.89, respectively.

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