PKR Crashes to Rs. 382 Against British Pound

The Pakistani rupee (PKR) closed in red against the US Dollar (USD), British Pound, and most of the other top currencies on Monday. On a day-on-day (DoD) basis, the interbank rate stayed at 282-283/$ most of the day before closing at the 281 level. Open market rates across multiple currency counters remained at the 283-284 level today. It was bearish all day and closed in red against the greenback. Meanwhile, it posted losses against all of the other major currencies during today’s session. The PKR depreciated by 0.03 percent DoD after losing eight paisas and closed at 282.05 against the US Dollar today. The rupee declined by 0.66 percent and closed at 382.7 against the British Pound (GBP) today. On a fiscal year-to-date basis (FYTD), the PKR has lost 1.33 percent against the US Dollar. The PKR was red against all of the other major currencies in the interbank market today. It lost two paisas against the UAE Dirham (AED) and two paisas against the Saudi Riyal (SAR). Meanwhile, it lost Rs. 1.76 against the Canadian Dollar (CAD). The rupee gained Rs. 1.73 against the Australian Dollar (AUD) in today’s interbank currency market. It lost Rs. 1.60 against the Euro (EUR) and Rs. 2.52 against the British Pound (GBP).