Rupee gains as dollar falls to Rs160.9

ISLAMABAD: The exchange rate of Pakistani Rupee strengthened by 14 paisas against US Dollar in the interbank market on Tuesday, ending at Rs160.91 compared with the previous closing at 161.05. Meanwhile, according to Forex Association of Pakistan, the buying and selling rates of dollar in the open market were recorded at Rs160.3 and Rs161, respectively. In interbank trading, the price of euro depreciated by 57 paisas and closed at Rs189.87 against the previous closing at Rs190.44. The value of Japanese Yen remained unchanged at Rs1.53, whereas a decrease of 29 paisas was witnessed in the exchange rate of British Pound, which was traded at Rs209.25 as compared to yesterday’s closing at Rs209.54.