Rupee Posts Losses Against US Dollar for Third Straight Day

The Pakistani Rupee (PKR) on Monday depreciated by 10 paisa against the US Dollar (USD) in the interbank trading and closed at Rs. 280.36 against the previous day’s closing of Rs. 280.26. The PKR depreciated by 04 paisa against the US Dollar on Friday while it lost 02 paisa against the USD on Thursday. The price of the Euro increased by 34 paisa to close at Rs. 304.01 against the last day’s closing of Rs. 303.67, according to the State Bank of Pakistan (SBP). The Japanese yen remained unchanged and closed at Rs. 1.87, whereas a decrease of 56 paisa was witnessed in the exchange rate of the British Pound, which was traded at Rs. 363.17 as compared to the last day’s closing of Rs. 362.61. The exchange rate of the Emirates Dirham and Saudi Riyal increased by 03 paisa each to close at Rs. 76.33 and Rs. 74.74 respectively.