The exchange rate of the rupee appreciated by 20 paise against the dollar in the interbank market on Friday and closed at Rs278.40 against the previous day’s closing of Rs278.60.

The buying and selling rates of the dollar in the open market, however, were Rs279.50 and Rs281.25 respectively, according to the Forex Association of Pakistan.

The Euro price increased by 84 paise to close at Rs302.85 against the last day’s closing of Rs302.01, said the State Bank of Pakistan.

The Japanese yen gained two paise and closed at Rs1.74, whereas an increase of Rs1.45 was seen in the exchange rate of the British Pound, which was traded at Rs360.02 as compared to the last day’s closing of Rs358.57.

The exchange rates of the Emirates Dirham and the Saudi Riyal decreased by six paise each to close at Rs75.79 and Rs74.22 respectively.