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Dollar Trading Lower in Open Market Than Interbank Against Pakistan Rupee as Rally Extended to 18th Consecutive Session

admin-augaf by admin-augaf
October 2, 2023
in Technology
Reading Time: 1 min read
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Dollar Fall by 17 Rupees in Open Market as SBP Allowed Card Payments through Interbank Funds
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Karachi October 2 2023: Pakistani Rupee on Monday witnessed the 18th consecutive recovery session as it gained 97 paisa against the US dollar in the interbank trading and closed at PKR 286.76 against the previous day’s closing of PKR 287.73.

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at PKR 283.7 and PKR 286.5 respectively.

The price of the Euro increased 46 paisa to close at PKR 302.90 against the last day’s closing of PKR 302.44, according to the State Bank of Pakistan (SBP).

The Japanese Yen came down by 01 paisa to close at PKR 1.91, whereas a decrease of 36 paisa was witnessed in the exchange rate of the British Pound, which traded at PKR 349.50 as compared to the last closing of PKR 349.86. The exchange rates of the Emirates Dirham and the Saudi Riyal declined by 26 paisa each to close at PKR 78.07 and PKR 76.45 respectively.

Tags: Rupee
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