US dollar further gains Re1 in interbank trading, closes at Rs302

ISLAMABAD (APP) - Pakistani rupee on Monday witnessed an Re1 devaluation against the US dollar in the interbank trading and closed at Rs302 against the previous day’s closing of Rs301.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs316 and Rs319 respectively.

The price of the Euro increased by Rs 1.34 to close at Rs326.15 against the last day’s closing of Rs324.81. The Japanese Yen remained unchanged and stood at Rs2.06, whereas an increase of 80 paisa was witnessed in the exchange rate of the British Pound, which traded at Rs379.67 as compared to the last closing of Rs378.87.

The exchange rates of the Emirates dirham and the Saudi riyal increased by 28 paisa and 26 paisa to close at Rs82.22 and Rs80.49 respectively.

Meanwhile, the 100-index of the Pakistan Stock Exchange (PSX) shed 192.61 points on Monday, showing negative change of 0.40 percent, closing at 47,478.61 points against 47,671.22 points the previous trading day.

A total of 184,138,134 shares were traded during the day as compared to 192,036,691 shares, whereas the trading value of shares was recorded at Rs 6.465 billion against Rs 6.528 billion on the last trading day.