Friday, June 26, 2020

The Pakistani rupee appreciated in the local currency markets, 10 paise against the dollar in the interbank market and one rupee in the open currency market.

The Pakistani rupee appreciated in the local currency markets, 10 paise against the dollar in the interbank market and one rupee in the open currency market:-



In the local currency markets, the Pakistani rupee appreciated against foreign currencies, including the US dollar, and in the interbank market, the dollar fell by 10 paise, while in the open currency market, the rupee fell by one rupee to 167.50. The euro and the British pound depreciated. I also recorded a decrease of Rs 1.50.
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According to the Forex Association of Pakistan, the buying rate of dollar against the rupee in the interbank market on Thursday fell by 10 paise from Rs 167.40 to Rs 167.30 and the selling price fell from Rs 167.70 to Rs 167.60 while in the open currency market the dollar appreciated. The purchase price decreased by 50 paise from Rs 167.50 to Rs 167 and the selling price decreased by Rs 1 from Rs 168.50 to Rs 167.50.

According to the Forex report, the buying price of Euro fell by Rs 1.50 from Rs 186.50 to Rs 185 and the selling price fell from Rs 188.50 to Rs 187 while the buying price of British pound fell from Rs 206 to Rs 205.50 and the selling price fell from Rs 208 to Rs 207.50. The buying price of Saudi Riyal fell from Rs 44 to Rs 43.90 and the selling price fell from Rs 44.50 to Rs 44.40, while the buying price of UAE Dirham remained stable at Rs 45 and the selling price remained stable at Rs 45.50.

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