Rupee Closes in Red Against US Dollar for 5th Straight Day

The Pakistani rupee (PKR) closed in red for the 5th day in a row against the US Dollar (USD) on Thursday. The PKR depreciated by 04 paisa against the USD in the interbank trading today and closed at Rs. 281.51 against the previous day’s closing of Rs. 281.47. The price of the Euro decreased by Rs. 1.80 to close at Rs. 318.02 against the last day’s closing of Rs. 319.82, according to the State Bank of Pakistan (SBP). The Japanese yen came down by 01 paisa and closed at Rs. 1.95, whereas a decrease of Rs. 1.67 was witnessed in the exchange rate of the British Pound, which was traded at Rs. 374.12 as compared to the last day’s closing of Rs. 375.79. The exchange rates of the Emirates Dirham and the Saudi Riyal increased by 01 and 02 paisa to close at Rs. 76.64 and Rs. 75.05 respectively.