Rupee Depreciates by 6 Paisa Against Dollar

On Friday, the Pakistani rupee experienced a slight depreciation of 6 paisa against the US dollar during interbank trading. It closed at Rs278.00, compared to the previous day's closing of Rs277.94. This minor decline reflects ongoing fluctuations in the currency market.

According to the Forex Association of Pakistan (FAP), the exchange rates in the open market showed a buying rate of Rs277.60 and a selling rate of Rs279.10 for the US dollar. These rates are an important consideration for traders and consumers engaging in currency exchanges.

In addition to the dollar's fluctuations, other currencies also experienced changes. The value of the Euro rose by Rs1.25, closing at Rs294.23, up from Rs292.98 the previous day. This increase may influence trade and travel costs for individuals dealing with Eurozone countries.

Meanwhile, the Japanese yen saw a slight decline, dropping by 01 paisa to close at Rs1.84. Conversely, the British Pound increased by 80 paisa, trading at Rs354.83, compared to its prior closing of Rs354.03. These changes are significant for businesses and travelers dealing in these currencies.

Furthermore, the exchange rates for the Emirates Dirham and the Saudi Riyal also saw increases of 01 paisa and 03 paisa respectively, closing at Rs75.68 and Rs74.00. Understanding these trends is vital for individuals and businesses involved in import-export activities.

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