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Pakistani Rupee Falls Against Dollar, Loses Majority of Yesterday’s Gains

admin-augaf by admin-augaf
May 13, 2025
in Business, Finance
Reading Time: 1 min read
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Karachi May 13 2025: Pakistani Rupee on Tuesday depreciated by 11 paisa against the US Dollar in the interbank trading and closed at PKR 281.67 against the previous day’s closing of PKR 281.56.

Yesterday, Rupee gains 15 paisa against the US Dollar on optimism of cease fire with India and Trump announcement for increase in trade with both Pakistan and India.

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at PKR 282.20 and PKR 283.70, respectively.

The price of the Euro increased by PKR 0.35 to close at PKR 313.21 against the last day’s closing of PKR 312.86, according to the State Bank of Pakistan (SBP).

The Japanese yen remained unchanged and closed at PKR 1.90, whereas an increase of PKR 1.10 was witnessed in the exchange rate of the British Pound, which was traded at PKR 372.17 as compared to the last day’s closing of PKR 371.07.

The exchange rates of the Emirates Dirham and the Saudi Riyal increased by 03 paisa each to close at PKR 76.68 and PKR 75.09, respectively.

Tags: Rupee
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