On Monday, the Pakistani Rupee experienced a slight depreciation against the US Dollar in interbank trading, losing 11 paisa to close at Rs 278.62, compared to the previous day’s closing of Rs 278.51.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market were Rs 277.6 and Rs 280.5, respectively. This slight variation indicates the ongoing fluctuations in the currency exchange market.
In other currency updates, the Euro saw an increase of 88 paisa, closing at Rs 298.44 against the previous day’s closing of Rs 297.56, as reported by the State Bank of Pakistan (SBP). This rise reflects the Euro’s strengthened position against the Pakistani Rupee.
The Japanese Yen lost 01 paisa, closing at Rs 1.74. Meanwhile, the British Pound experienced an increase of 31 paisa, trading at Rs 352.59 compared to the last day’s closing of Rs 352.28. These movements indicate varying trends in the exchange rates of major currencies.
Additionally, the exchange rates of the Emirates Dirham and the Saudi Riyal saw minor increases of 03 and 04 paisa, closing at Rs 75.85 and Rs 74.27, respectively. These slight changes reflect the consistent demand and supply dynamics in the foreign exchange market.
Overall, the currency market showed mixed trends with slight depreciations and appreciations across different currencies, highlighting the intricate nature of global financial interactions and their impact on local exchange rates.
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