The exchange rate of Pakistan rupee depreciated by 49 paisa on Wednesday against the US dollar in interbank trading and closed at Rs166.87 as compared to the previous day’s closing of Rs166.38. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs167 and Rs168 respectively. Similarly, the price of euro was appreciated by 41 paisa and closed at Rs197.16 against the last day’s trading of Rs196.75, the State Bank of Pakistan reported. The Japanese yen remained unchanged to close at Rs1.51, whereas a decrease of 42 paisa was witnessed in the exchange rate of British pound, which was traded at Rs229.56 as compared to its last closing of Rs229.14. The exchange rates of Emirates dirham and Saudi riyal increased by 13 paisa each to close at Rs45.43 and Rs44.49 respectively.