Rupee gains strength against US dollar

Karachi: The State Bank of Pakistan on Tuesday announced the following rates will be applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special U.S Dollar Bonds and profit thereon by all banks and for providing Forward Cover on Foreign Currency Deposits (excluding F.E-25 deposits) by the State Bank on April 16, 2014.

The rates are: US Dollar Rs96.1926, Japanese Yen Rs0.9448, Pound Sterling Rs160.8437 and Euro Rs132.6977.

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