Rupee extends losses against dollar

Pakistan rupee on Thursday depreciated by Rs 1.04 against the US dollar in the interbank trading and closed at Rs 219.41; against the previous day’s closing of Rs 218.37.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs 224 and Rs 227 respectively.

The price of Euro increased by Rs 1.95 and closed at Rs 219.30 against the last day’s closing of Rs 217.35.

The Japanese Yen gained one paisa to close at Rs 1.60, whereas an increase of Rs 1.56 was witnessed in the exchange rate of the British Pound, which was traded at Rs 259.77 as compared to its last closing of Rs 258.21.

The exchange rates of Emirates Dirham and Saudi Riyal increased by 24 paisa each to close at Rs 59.73 and Rs 58.37 respectively.

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