Rupee strengthens against dollar

Karachi: The State Bank of Pakistan on Monday announced the conversion rates 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 March 25, 2014. The rates are: US Dollar Rs97.9983, Japanese Yen Rs0.9563, Pound Sterling Rs161.4717 and Euro Rs134.9828.

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