ISLAMABAD: After recent development, particularly the inflows of dollars to the country and the approval of IMF conditional loan, the Pakistani Rupee witnessed further strength on Thursday by gaining Rs1.01 against the US Dollar in the interbank trading and closed at Rs276.46 against the previous day’s closing of Rs277.47.
Economy experts believe the local currency might get more strength in the coming days after recent hopeful news both from political and financial aspects
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market remained unchanged and stood at Rs 278 and Rs 281 respectively.
Rupee Against Other Currency
Unlike the greenback, the price of the Euro increased by Rs2.65 to close at Rs 308.55 compared to Rs305.90 the last day.
The Japanese Yen also witnessed an increase by 01 paisa to close at Rs1.99, whereas the British Pound recorded an increase of Rs1.4 in the exchange rate and traded at Rs360.54 against Rs359.14 on Wednesday.
The exchange rates of the Emirates Dirham and the Saudi Riyal went down by 28 paisa each to close at Rs75.26 and Rs73.69, respectively.
