Interbank rupee depreciates against the US dollar while the open market remains stable.

Interbank rupee depreciates against the US dollar while the open market remains stable.

Interbank peers lost three paise against the US dollar against the Pakistani rupee, while the euro, British pound, Saudi rial and UAE dirham declined in the open market while the dollar remained stable, Forex Association of Pakistan Accordingly, the value of the dollar increased by 3 paise at the Interbank yesterday, whereby the dollar was bought at Rs. 154.45 from Rs. 154.42 and the sale price increased from Rs. 154.52 to Rs. 154.55. 154.60 remained steady.

In other currencies, the price of euros decreased by 15 paise to Rs 170.10 from Rs 170.25 and sales of Rs 171.75 to Rs 171.60, while British pound for sale declined by Rs 202.50 to Rs 201 and prices for selling 204 to 203 rupees. Accordingly, the price of Saudi riyals decreased from Rs 41 to Rs 40.95 and sales of sales dropped from Rs 41.30 to Rs 41.35 while the price of UAE Durham was reduced from Rs 42 to Rs 41.95 and the sale price from Rs 42.30 to Rs 42.35. On-line buying was up by Rs 22 and sales of Rs 23 remained stable.