The rupee appreciated by eight paise against the dollar in the interbank trading and closed at Rs278.66 on Thursday against the previous day’s closing of Rs278.74.

The buying and selling rates of the dollar in the open market stood at Rs279.3 and Rs280.5 respectively, according to the Forex Association of Pakistan.

The Euro price came down by 41 paise to close at Rs301.02 against the last day’s closing of Rs301.43, according to the State Bank of Pakistan.

The Japanese yen remained unchanged and closed at Rs1.85, whereas a decrease of Rs1.29 was seen in the exchange rate of the British Pound, which traded at Rs356.48 as compared to the last day’s closing of Rs357.77.

The exchange rate of the Emirates Dirham and the Saudi Riyal decreased by two paise each to close at Rs75.86 and Rs74.27 respectively.