Boring Rupee Continues to Slowly Rise Against US Dollar 37th Day in a Row

The Pakistani rupee (PKR) closed in green against the US Dollar (USD) 37th day in a row on Monday. Meanwhile, it posted gains against most of the other major currencies during today’s session. The PKR barely appreciated by 0.004 percent DoD and closed at 280.71 after gaining just one paisa against the US Dollar today. On a fiscal year-to-date basis (FYTD), the PKR has gained 1.13 percent against the US Dollar. The PKR was green against most of the other major currencies in the interbank market today. It was stable against the UAE Dirham (AED) and the Saudi Riyal (SAR). Meanwhile, it lost 27 paisas against the Canadian Dollar (CAD). The rupee lost 24 paisas against the Australian Dollar (AUD) in today’s interbank currency market. It gained 59 paisas against the Euro (EUR) but lost Rs. 1.09 against the British Pound (GBP).