Rupee Further Strengthens Against Dollar
Mahnoor Sheikh (@mahnoorsheikh03) Published July 31, 2019 | 03:05 PM
Following the slight decline, dollar is being traded at Rs159.75 in the interbank.
Islamabad (UrduPoint / Pakistan Point News – 31st July, 2019) Pakistani rupee continues to strengthen against the US dollar as it gained another 30 paisa in the interbank market on Wednesday.
Following the slight decline, dollar is being traded at Rs159.75 in the interbank.
The Pakistani rupee appreciated by 45 paisa in the interbank market on Tuesday. Dollar was traded at Rs160 in the interbank following the slight decrease.
Similarly, rupee gained 20 paisa in the open market on Tuesday and was traded for Rs160.50.
Media reports said that the value of US dollar has declined due to increase in forex reserves. Reports added that the foreign exchange will further increase before Eid.
The exchange rate of dollar dipped by 33 paisa in interbank and traded at Rs 160.45 as compared to the last closing of Rs 160.
78, State Bank of Pakistan (SBP) reported last week.
However according to Forex association of Pakistan the buying and selling rates of dollar in open market were recorded at Rs 160.20 and Rs 160.70 respectively.
The SBP further reported that in interbank, the price of Euro decreased by 54 paisa and traded at Rs 178.55 as compared to last closing of Rs 179.09.
The exchange rate of Japanese Yen remained constant at Rs 1.48, whereas the decrease of 55 paisa was witnessed in exchange rate of British Pound which was traded at Rs 200.09 as compared with last closing of Rs 200.64.
Exchange rates of UAE Dirham and Saudi Rayal dipped by 09 paisa each after which they were traded at Rs 43.68 and Rs 42.78 against Rs 43.77 and Rs 42.87 respectively.
Related Topics
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From Pakistan
-
Saudi ministry warns against fraudulent Hajj schemes; urges vigilance, official channels for booking
3 hours ago -
SC to take up 9 identical petitions regarding judges' letter
3 hours ago -
Woman committed suicide in Pindigheb
3 hours ago -
Teenage girl abducted in Hassanabdal
3 hours ago -
NTDC Super 8 Inter-Departmental Tape Ball Cricket Tournament concludes: GM (HR) team clinches the w ..
3 hours ago -
AJK President calls for overseas Kashmiris' proactive role to expose the Modi government's nefarious ..
3 hours ago
-
AJK-wide campaign begins to vanish black-tinted glasses to all sorts of vehicles
4 hours ago -
Islamabad to be digitalized as pilot project under national digitalization plan: IT Minister
4 hours ago -
HEC reviews curricula for environmental sciences degree programme
4 hours ago -
Heavy rains cause damage to Spezand-Taftan railway track
4 hours ago -
Documentary on life of Jamiluddin Aali screened at embassy
4 hours ago -
"Sindh Theater Festival 2024" commences in Larkana
4 hours ago