ISLAMABAD: The exchange rate of Pakistani rupee witnessed a sharp recovery of 61 paisas against the US dollar in the interbank trading on Tuesday and closed at Rs. 165.62 as compared to the last closing of Rs. 166.23.

However, according to Forex Association of Pakistan, the buying and selling rates of dollar in open market were recorded at Rs. 165.25 and Rs. 167 respectively.

The State Bank of Pakistan reported that in interbank trading, the price of euro appreciated by 61 paisas and closed at Rs. 198.26 against the last day’s trading of Rs. 197.65.

The Japanese Yen lost one paisa at Rs1.56, whereas an increase of 99 paisas was witnessed in the exchange rate of British Pound which was traded at Rs. 222.23 as compared to its last closing of Rs. 221.24.

The exchange rates of Saudi Riyal and Emirates Dirham also decreased by 16 paisas each to close at Rs. 44.16 and Rs. 45.09 respectively.