Rupee continues upward trend against dollar

September 15, 2023: Pakistani Rupee Gains Rs 1.11 Against US Dollar

In the interbank trading on Friday, the Pakistani Rupee displayed strength, appreciating by Rs 1.11 against the US Dollar, ultimately closing at Rs 296.84, a positive shift from the previous day’s closing rate of Rs 297.95.

On the open market front, as reported by the Forex Association of Pakistan (FAP), the buying and selling rates for the US Dollar stood at Rs 296.8 and Rs 299.8, respectively.

Meanwhile, the Euro’s value declined by Rs 3.50, concluding at Rs 316.38 compared to the previous day’s closing rate of Rs 319.88, according to the State Bank of Pakistan (SBP).

The Japanese Yen exhibited a marginal drop of 2 paisa, settling at Rs 2. Furthermore, the British Pound witnessed a substantial decrease of Rs 3.19 in its exchange rate, concluding at Rs 368.93, as opposed to the prior closing rate of Rs 372.12.

Lastly, the exchange rates of the Emirates Dirham and the Saudi Riyal both decreased by 30 paisa each, concluding at Rs 80.82 and Rs 79.13, respectively.

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