ISLAMABAD: The upward trend of the Pakistani Rupee against the US dollar and other international currencies continued for the 12th consecutive session as on Monday the local currency witnessed a gain of Rs1.02 against the US dollar in the interbank trading and closed at Rs 293.88 compared to its last day stand of Rs 294.90, as reported by State Bank of Pakistan.
Interbank closing #ExchangeRate for today https://t.co/3CQrkLVlqE#SBPExchangeRate pic.twitter.com/Pav6mWZVP0
— SBP (@StateBank_Pak) September 20, 2023
During the last 12 working sessions, the local currency against the greenback witnessed an appreciation of over Rs 14 in the interbank and over Rs 35 in the open market.
Meanwhile, like the interbank, the local currency received the same treatment in the open market on Wednesday, where the Pakistani rupee was traded in the range of Rs 293.6 and Rs 296.5 for buying and selling respectively, as reported by the Forex Association of Pakistan.
Rupee Against Euro, Pound, Riyal and Others
Like the greenback, the price of the Euro also went down against the local currency and witnessed a decrease of 99 paisa to settle at Rs 314.29 against Rs 315.28, the last day as reported by SBP.
Like the previous day, the Japanese Yen also recorded a slight depreciation and went down by 1 paisa to settle at Rs 1.98, whereas the British Pound witnessed a decrease of Rs 1.92 and was traded at Rs 363.40 as compared to Rs 365.32 on Tuesday.
The exchange rates of the Saudi Riyal and the Emirates Dirham came down by 28 paisa each to close at Rs 78.34 and Rs 80.01 respectively.
