Pakistani rupee (PKR) devalued by 04 paisa on Wednesday against the US dollar (USD) in the interbank trading and closed at Rs278.85 against the previous day’s closing of Rs278.81.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.80 and Rs 281.30, respectively.

However, as per the State Bank of Pakistan (SBP), the price of the Euro increased by Rs1.29 to close at Rs290.29 against the last day’s closing of Rs289.00.

The Japanese yen remained unchanged and closed at Rs1.78, whereas an increase of Rs 1.94 was witnessed in the exchange rate of the British Pound, which was traded at Rs343.47 as compared to the last day’s closing of Rs341.53.

The exchange rates of the Emirates Dirham remained unchanged and closed at Rs 75.91 while the Saudi Riyal increased by 02 paisa to close at Rs74.32.

A day earlier, PKR depreciated by 16 paisa against the USD in the interbank trading and closed at Rs278.81 against the previous day’s closing of Rs278.65.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.80 and Rs 281.30, respectively.

As per the State Bank of Pakistan (SBP), the price of the Euro increased by Rs1.67 to close at Rs289.00 against the last day’s closing of Rs287.33.

The Japanese yen remained unchanged and closed at Rs1.78, whereas an increase of Rs 1.50 was witnessed in the exchange rate of the British Pound, which was traded at Rs341.53 as compared to the last day’s closing of Rs340.03.

The exchange rates of the Emirates Dirham and the Saudi Riyal also increased by 05 paisa and 04 paisa to close at Rs75.91 and Rs74.30, respectively.