Rupee gains Rs 1.01 against dollar in interbank trading, closes at Rs285.75

ISLAMABAD (APP) - Pakistani rupee on Tuesday witnessed 20th consecutive recovery session as it gained Rs 1.04 against the US dollar in the interbank trading and closed at Rs 285.75 against the previous day’s closing of Rs286.50.

According to the Forex Association of Pakistan (FAP), the dollar rate also decreased by 50 paisa in the open market stood at Rs286.

The price of the Euro decreased Rs 3.34 to close at Rs 299.56 against the last day’s closing of Rs 302.90. The Japanese Yen came down by 01 paisa to close at Rs1.90, whereas a decrease of Rs 4.08 was witnessed in the exchange rate of the British Pound, which traded at Rs 345.42 as compared to the last closing of Rs 349.50.

The exchange rates of the Emirates Dirham and the Saudi Riyal declined by 29 and 28 paisa to close at Rs 77.78 and Rs 76.17 respectively.