The Pakistani Rupee depreciated by 10 paisa against the US Dollar in the interbank trading on Thursday and closed at Rs. 284.56 against the previous day’s closing of Rs. 284.46.
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs. 286.5 and Rs. 287.5 respectively. Yesterday, a few sellers again quoted Rs. 290/$ at a few counters in the federal capital.
The price of the Euro increased by Rs. 0.76 to close at Rs. 333.87 against the last day’s closing of Rs. 333.11, according to the State Bank of Pakistan (SBP).
The Japanese yen appreciated by 01 paisa and was traded at Rs. 1.94 against Rs. 1.93, whereas an increase of Rs. 0.69 was witnessed in the exchange rate of the British Pound, which was traded at Rs. 387.30 as compared to the last day’s closing of Rs. 386.61.
The exchange rates of the Emirates Dirham and the Saudi Riyal increased by 03 paisa and 02 paisa to close at Rs. 77.47and Rs. 75.86 respectively.
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Isn’t something fishy? If dollar decreases today why the gold price saw increase 3k on same day?