Rupee continues upward trend against dollar

Pakistani Rupee Strengthens by Rs1.01 Against the US Dollar

In the interbank trading session on Friday, the Pakistani Rupee continued its upward trend for the 14th consecutive session, appreciating by Rs 1.01 against the US dollar and concluding the day at Rs 291.76. This marked a positive shift from the previous day’s closing rate of Rs 292.77.

However, in the open market, as reported by the Forex Association of Pakistan (FAP), the buying and selling rates for the US dollar were observed at Rs 292.1 and Rs 295, respectively.

Meanwhile, the Euro experienced a decrease in value, declining by Rs 1.37 to settle at Rs 310.61 compared to the previous day’s closing rate of Rs 311.98, as reported by the State Bank of Pakistan (SBP).

The Japanese Yen, on the other hand, saw a marginal decrease of 01 paisa, concluding at Rs 1.96. Additionally, there was a notable decrease of Rs 2.31 in the exchange rate of the British Pound, which closed at Rs 357.92, compared to the last closing rate of Rs 360.23.

Furthermore, the exchange rates for the Emirates Dirham and the Saudi Riyal also showed a decline, with both currencies decreasing by 28 and 27 paisa, respectively, to reach closing rates of Rs 79.43 and Rs 77.78.

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