Rupee extends losses against dollar

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ISLAMABAD, Oct 21 :The exchange rate of Pakistan rupee against US dollar depreciated by 49 paisas in the interbank trading on Thursday to close at Rs173.95 against the previous day’s closing of Rs173.46.

According to Forex Association of Pakistan, the buying and selling rates of dollar in open market were recorded at Rs173.3 and Rs174.4 respectively.

Similarly, the price of euro which was traded at Rs202.48, appreciated by 77 paisas as compared to its last closing of Rs201.71, the State Bank of Pakistan reported.

The Japanese Yen gained one paisa to close at Rs1.52, whereas an increase of Rs1.23 was witnessed in the exchange rate of British Pound, which was traded at Rs240.18 as compared to its last closing of Rs238.95.

The exchange rates of Emirates Dirham and Saudi Riyal increased by 13 paisas each to close at Rs47.35 and Rs46.37 respectively.