Pakistan Rupee witnessed a decline against other major currencies in both interbank and open markets on Wednesday.
Inter-Bank Market Rates: Pakistan Rupee depreciated by 20 paisas for buying and by 50 paisas for selling against USD in Interbank market closing at 161.50 and 162 respectively.
Open Market Rates: In the open market, against USD, PKR depreciated by one rupee for both buying and selling closing at 160.50 and 161.50 respectively.
Against Euro, PKR depreciated by one rupee for both the purchase and the selling of the closing at 172 and 174 respectively.
Against UAE Dirham, PKR depreciated by 50 paisas for buying whereas it depreciated by 40 paisas for selling closing at 42.50 and 42.90 for buying and selling respectively.
Against Saudi Riyal, PKR depreciated by 20 paisas for buying while its exchange rate for selling remained unchanged closing at 41.20 and 41.50 for buying and selling respectively.
The Pakistani rupee showed weakness concerning the greenback and the British Pound at the open currency market, here on Wednesday.
The dollar opened at Rs 157.00 and Rs 161.00 on buying and selling counters, respectively, as compared to Rs 158.50 (buying) and Rs 160.50 (selling) on Tuesday. The greenback closed on a positive note at Rs 158.50 (buying) and Rs 161.00 (selling), respectively, the currency dealers said.
Similarly, the Pakistani rupee also followed the suit concerning the pound sterling that was bought and sold at Rs 196.00 and Rs 197.60, respectively, they added.
The dollar gained 50 paisas against the rupee at the open currency markets of Islamabad and Rawalpindi on Wednesday.
The dollar opened at Rs162 (buying) and Rs 162.10 (selling) against the last rate of Rs161.50 (buying) and Rs 161.60 (selling).
It closed at Rs162 (buying) and Rs 162.10 (selling).
The buying and selling rates of one tola of gold were Rs 103,300 and Rs 103,000 (buying) in the local Sarafa (gold) markets of twin cities of Islamabad and Rawalpindi.