ISLAMABAD: The exchange rate of Pakistani rupee strengthened by 23 paisas against the US dollar in the interbank trading on Thursday and closed at Rs160.31 as compared to the previous day's closing of 160.54.

Meanwhile, according to Forex Association of Pakistan, the buying and selling rates of dollar in the open market were recorded at Rs160.2 and Rs161 respectively.

In interbank trading, the price of euro depreciated by 87 paisas and closed at Rs195.67 against the last day’s trading of Rs 196.54, State Bank of Pakistan reported.

The Japanese Yen lost one paisa to close at Rs1.54, whereas an increase of Rs 2.34 paisas was witnessed in the exchange rate of British Pound which was traded at Rs217.66 as compared to its last closing of Rs 215.31.

The exchange rates of Emirates Dirham and Saudi Riyal decreased by 06 paisa each to close at Rs 43.64 and Rs 42.72 respectively.