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Dollar appreciates against rupee by Rs 1 in open market

Karachi: The US dollar appreciation against Pakistani rupee continued on Monday, first day of the business week, as Rs 1 increased in the price of dollar today in the open market.

After an uptick of Rs the dollar climbed to Rs 289.

On the other hand the greenback also rose in the inter-bank market by 17 paisas and is trading at Rs 287.20

On the last working day of week on Friday, Pakistani Rupee witnessed 14 paisa depreciation against US Dollar in the inter-bank trading and closed at Rs 287.03 .

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market stood at Rs 287 and Rs 289.5 respectively.