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Rupee weakens to Rs176.5 vs dollar  


ISLAMABAD – The exchange rate of the Pakistani rupee weakened by Rs 1.26 against the US dollar in the interbank trading on Thursday and closed at Rs174.18 as compared to the previous day’s closing of Rs172.92. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs174.5 and Rs 176.5 respectively. Similarly, the price of the euro was depreciated by 38 paisas and closed at Rs 199.68 against the last day’s trading of Rs 200.06, the State Bank of Pakistan reported. The Japanese Yen remained unchanged to close at Rs 1.52, whereas a decrease of Rs 1.13 was witnessed in the exchange rate of the British Pound, which was traded at Rs 233.01 as compared to its last closing of Rs234.14. The exchange rates of Emirates Dirham and Saudi Riyal increased by 34 paisas each to close at Rs 47.42 and Rs 46.44 respectively.






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