ISLAMABAD: The rupee strengthened by 96 paisas against the US dollar in interbank trading on Tuesday, closing at Rs160.08 against the previous day’s closing of Rs161.04.
According to the Forex Association of Pakistan (FAP), buying and selling rates of the dollar in the open market were recorded at Rs160.6 and Rs161.5, respectively.
In interbank trading, the price of euro depreciated by Rs1.05 and closed at Rs190.04 against the last day’s trading of Rs191.09, State Bank of Pakistan (SBP) reported.
Similarly, Japanese Yen lost one paisa to close at Rs1.54, whereas a decrease of 96 paisas was witnessed in the exchange rate of British Pound which was traded at Rs214.00 as compared to the previous day’s closing of Rs214.96.
Further, the exchange rates of Emirates Dirham and Saudi Riyal decreased by 24 paisas each to close at Rs43.58 and Rs42.68, respectively.
Yeah it was obvious that the price of dollar would increase after US elections