The Pakistani rupee appreciated on Monday by eight paise against the dollar in the interbank trading and closed at Rs277.97 against the previous day’s closing of Rs278.05.

The buying and selling rates of the dollar in the open market stood at Rs277.60 and Rs279 respectively, according to the Forex Association of Pakistan.

The Euro price decreased by Rs2 to close at Rs291.99 against the last day’s closing of Rs293.99, the State Bank of Pakistan said.

The Japanese yen remained unchanged and closed at Rs1.85, whereas a decrease of 79 paise was seen in the exchange rate of the British Pound, which traded at Rs352.70 as compared to the last day’s closing of Rs353.49.

The exchange rate of the Emirates Dirham and the Saudi Riyal decreased by two paise each to close at Rs75.68 and Rs73.99 respectively.