ISLAMABAD: After having a downward trend for 8 consecutive days, the Pakistani Rupee on Thursday retained its upward momentum for the second consecutive day with a slight gain of 58 paisa against the US Dollar in the interbank trading as it closed at Rs 286.45 against Rs 287.04. last day.
Interbank closing #ExchangeRate for today https://t.co/0RUyUEuVMz#SBPExchangeRate pic.twitter.com/0dr6w0g5ak
— SBP (@StateBank_Pak) July 27, 2023
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market also improved and were available in the range of Rs 289 and Rs 292 respectively.
Pakistani Rupee Against Other Currencies
Meanwhile, contrary to the greenback, the price of the Euro went up by Rs 0.94 to close at Rs 318.70 against Rs 317.76 on Wednesday.
However, the Japanese Yen observed no change and settled at Rs 2.04, while the British Pound recorded an increase of Rs 1.43 paisa in the exchange rate and was available at Rs 371.81 as compared to its last day’s closing of Rs 370.38.
The exchange rates of the Saudi Riyal and Emirates Dirham went down 16 paisa each to close at Rs 76.36 and Rs 77.98 respectively.
