ISLAMABAD: The exchange rate of Pakistani rupee strengthened by 29 paisas against US dollar in the interbank trading on Tuesday and closed at Rs. 164.03 against the previous day's closing of 164.32.

Meanwhile according to Forex Association of Pakistan, the buying and selling rates of dollar in open market were recorded at Rs. 163.75 and Rs. 164.5 respectively.

In interbank trading, the price of euro appreciated by 17 paisas and closed at Rs. 193.08 against the last day’s trading of Rs. 192.91, State Bank of Pakistan reported.

The Japanese Yen remained unchanged to close at Rs. 1.55, whereas a decrease of 14 paisas was witnessed in the exchange rate of British Pound which was traded at Rs. 212.70 as compared to its last closing of Rs. 212.84.

The exchange rates of Emirates Dirham and Saudi Riyal declined by 07 paisas each to close at Rs. 44.65 and Rs. 43.73 respectively.