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Rupee gains 71 paisas against dollar in interbank

Buying and selling rates of dollars in open market stood at Rs287.5 and Rs290
A foreign currency dealer counts US dollars at a shop in Karachi on May 19, 2022. AFP
A foreign currency dealer counts US dollars at a shop in Karachi on May 19, 2022. AFP

The rupee gained 71 paisas against the dollar in the interbank market on Tuesday as it closed at Rs285.99 against the previous day’s closing of Rs 286.70.

The buying and selling rates of dollars in the open market stood at Rs287.5 and Rs290 respectively, according to the Forex Association of Pakistan (FAP).

The price of the Euro went up by 71 paisas to close at Rs 312.93 against the last day’s closing of Rs 312.22, said the State Bank of Pakistan.

The Japanese Yen lost one paisa to close at Rs1.99, whereas a decrease of Rs1.05 was witnessed in the exchange rate of the British Pound, which traded at Rs 364.13 as compared to its last day’s closing of Rs365.18.

The exchange rates of the Emirates Dirham and the Saudi Riyal decreased by 19 pasias each to close at Rs77.86 and Rs76.25 respectively.

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