The Pakistani Rupee (PKR) fell by 07 paisa versus the US dollar in interbank trade on Monday, finishing at Rs 279.26, down from Rs 279.19 the day before.
However, the Forex Association of Pakistan (FAP) reported that the purchasing and selling rates for the dollar in the open market were Rs 279.2 and Rs 282.1, respectively.
According to the State Bank of Pakistan (SBP), the Euro price jumped by Rs1.04 to settle at Rs 303.09, up from Rs 302.05 the day before.
The Japanese yen remained constant at Rs185, while the British pound’s exchange rate increased by Rs1.15 to Rs 354.02, up from Rs 352.87 at the previous closure.
The exchange rates for the Emirates Dirham and the Saudi Riyal increased by 02 paisa each, closing at Rs 76.03 and Rs 74.46 respectively.
The Pakistan Stock Exchange (PSX) is displaying good trends amid prospects for political stability in the country.
The PSX benchmark 100 index rose 681 points on the first day of the working week, crossing the 66,000 level.
The KSE-100 index was trading at 66,006 points around 9:45 a.m. According to industry experts, investors are placing their trust in the market in anticipation of political stability.
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