US dollar rate in Pakistan down by Re0.16 to Rs279.20 on Feb 26

KARACHI: The US dollar rate in Pakistan marginally weakened by Re0.16 (16 paisa) to Rs279.20 against the Pakistani rupee in the interbank market on Monday (Feb 26).

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.4 and Rs 282.3, respectively.

The price of the Euro decreased by 23 paisa to close at Rs 302.31 against the last day’s closing of Rs 302.54, according to the State Bank of Pakistan (SBP).

The Japanese Yen remained unchanged to close at Rs185, whereas a decrease of 08 paisa was witnessed in the exchange rate of the British Pound, which was traded at Rs 353.87 compared to the last closing of Rs 353.95.

The exchange rates of the Emirates Dirham and the Saudi Riyal decreased by 04 paisa each to close at Rs 76.01 and Rs 74.44 respectively.