Rupee extends gains against US dollar

Rupee extends gains against US dollar

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Islamabad: In inter-bank transactions on Friday, the exchange rate of the Pakistani rupee rose by 37 Pasas to the US dollar, closing at 159.09 rupees from the closing price of 159.46 the day before.

Meanwhile, according to Forex Association of Pakistan, the buying and selling rates of dollar in the open market were recorded at Rs 159.4 and Rs 160.1 respectively.

In interbank trading, the price of euro appreciated by 97 paisas and closed at Rs 188.44 against the last day s trading of Rs 187.47, State Bank of Pakistan reported.

The Japanese Yen gained one paisa to close at Rs1.53, whereas an increase of Rs 1.42 was witnessed in the exchange rate of British Pound which was traded at Rs 209.00 as compared to its last closing of Rs 207.58.

The exchange rate of the UAE dirham and the Saudi riyal fell by 10 paisas, to close at 43.31 rupees and 42.41 rupees respectively.

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