US dollar strengths against Pakistani rupee

Pakistani Rupee weakened

Karachi, May 20, 2024 : On Monday, the Pakistani Rupee weakened by 09 paise against the US Dollar in interbank trading, closing at Rs 278.29 compared to the previous day’s close of Rs 278.20.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of the US Dollar in the open market were Rs 277.6 and Rs 280.2, respectively.

The Euro rose by 75 paise, closing at Rs 302.59 compared to the previous day’s Rs 301.84, as reported by the State Bank of Pakistan (SBP).

The Japanese Yen remained steady at Rs 1.78, while the British Pound decreased by Rs 1.35, trading at Rs 353.29 compared to the previous close of Rs 351.94.

The exchange rates for the Emirates Dirham and Saudi Riyal both increased by 02 paise, closing at Rs 75.76 and Rs 74.20, respectively.

Last week, the Pakistani Rupee strengthened by 20 paise against the US Dollar in interbank trading on Friday, closing at Rs 278.20 compared to the previous day’s closing of Rs 278.40.

According to the Forex Association of Pakistan (FAP), the Dollar’s buying and selling rates in the open market were Rs 277.50 and Rs 280.20, respectively.

The Euro’s value dropped by 86 paise, ending at Rs 301.84, down from the previous closing of Rs 302.70, as reported by the State Bank of Pakistan (SBP).

The Japanese Yen decreased by 2 paise, closing at Rs 1.78. The British Pound saw a decline of Rs 1.06, trading at Rs 351.94 compared to the last closing of Rs 353.00.

Additionally, the exchange rates for the Emirates Dirham and Saudi Riyal each fell by 4 paise, ending at Rs 75.74 and Rs 74.18, respectively.

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