The rupee depreciated on Tuesday by 15 paise against the dollar in the interbank market and closed at Rs278.65 against the previous day’s closing of Rs278.50.

The buying and selling rates of the dollar in the open market stood at Rs278.5 and Rs280.06 respectively, according to the Forex Association of Pakistan.

The price of Euro came down by 35 paise to close at Rs301.57 against the last day’s closing of Rs301.92, the State Bank of Pakistan said.

The Japanese yen lost two paise and closed at Rs1.79, whereas an increase of Rs1.22 was witnessed in the exchange rate of the British Pound, which traded at Rs358.17 as compared to the last day’s closing of Rs356.95.

The exchange rate of the Emirates Dirham and the Saudi Riyal increased by four paisa each to close at Rs75.86 and Rs74.27 respectively.