The rupee gained 07 paisa against the US dollar, closing at Rs279.49 in interbank trading, with open market rates at Rs279.75 for buying and Rs282.3 for selling. Additionally, the price of Euro, Japanese Yen, and British Pound fluctuated. In the domestic market, 24-karat gold and platinum experienced price fluctuations.
ISLAMABAD: The Rupee on Wednesday gained 07 paisa against the US dollar in the interbank trading and closed at Rs279.49 against the previous day’s closing of Rs279.56, ARY News reported.
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.75 and Rs282.3, respectively.
The price of the Euro increased by 82 paisa to close at Rs302.06 against the last day’s closing of Rs301.24, according to the State Bank of Pakistan (SBP).
The Japanese Yen gained 01 paisa to close at Rs1.86, whereas an increase of 74 paisa was witnessed in the exchange rate of the British Pound, which was traded at Rs352.68 compared to the last closing of Rs351.94.
The exchange rates of the Emirates Dirham and the Saudi Riyal decreased by 02 paisa each to close at Rs76.09 and Rs74.52 respectively.
Yesterday, the per tola rate of 24 karat gold jacked up by Rs150 to reach Rs214,450 in the domestic market on Tuesday.
The price of 10 grams of 24-karat gold increased by Rs128 to Rs183,856 in the domestic market, the All Sindh Sarafa Jewellers Association said.
The price of gold in the international market remained unchanged at $2042.
Spot platinum fell 0.2% at $904.27 per ounce, palladium rose 1.2% at $960.76, while silver was down 0.2% at $23.35 per ounce.
In recent times, the Indian rupee has shown a commendable recovery against the US dollar, prompting interest and analysis from financial pundits and investors alike. The trajectory of this recovery has been a source of both relief and cautious optimism, as the rupee steadily strengthens its position in the global currency market. Factors such as changes in foreign exchange reserves, governmental policies, and international trade dynamics have all played a role in shaping this development. As we delve into the various contributing elements, it becomes evident that the intricate relationship between the rupee and the US dollar holds significant implications for the global economy. Stay tuned as we explore the nuances of this ongoing recovery and its potential impact on the financial landscape.
Source: ARY NEWS
The Rupee has strengthened against the US dollar, closing at Rs279.49 in the interbank trading. The Euro also saw an increase, closing at Rs302.06. The Japanese Yen closed at Rs1.86, while the British Pound traded at Rs352.68. The exchange rates of the Emirates Dirham and the Saudi Riyal decreased slightly. In the domestic market, the price of 24-karat gold rose, with 10 grams reaching Rs183,856. In the international market, gold remained unchanged at $2042. Spot platinum fell to $904.27 per ounce, while palladium rose to $960.76 and silver decreased to $23.35 per ounce.
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