Rupee stabilises against US dollar in interbank market

ISLAMABAD: The exchange rate of Pakistani rupee stabilised against the United States (US) dollar falling only two paisas during the interbank trading on Tuesday, to close at Rs164.87 compared to its last closing at Rs164.85 on Monday. 

However, according to the Forex Association of Pakistan, the buying and selling rates of the US dollar in the open market were recorded at Rs164 and Rs165 respectively. 

Earlier on Monday, the Pakistani rupee lost Rs0.61 against the US dollar in the interbank market.

According to the State Bank of Pakistan (SBP) the price of euro appreciated by Rs1.30 to close at Rs186.85 during the interbank trading on Tuesday. 

The Japanese yen remained stable at Rs1.53 whereas an increase of Rs1.58 was witnessed in the exchange rate of British pound which was traded at Rs208.30 as compared to its last closing at Rs206.72 on Tuesday. 

The exchange rate of Saudi Riyal increased by 2 paisas to close at Rs43.95 while the exchange rate of United Arab Emirates (UAE) dirham remained unchanged at Rs44.88.


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