Rupee Ends 3-Day Losing Streak Against US Dollar to End Stressful Week

The Pakistani rupee (PKR) closed in green against the US Dollar (USD) today after opening trade at 279 in the interbank market. On a day-on-day (DoD) basis, the interbank rate stayed at 279-281/$ most of the day before closing at the 279 level. Open market rates across multiple currency counters remained at the 279-282 level today. It was stable all day and closed in green against the greenback. Meanwhile, it posted losses against most of the other major currencies during today’s session. The PKR appreciated by 0.02 percent after gaining five paisas to close at 279.20 against the US Dollar today. On a fiscal year-to-date basis, the rupee has so far depreciated by 0.31 percent. The PKR was red against most of the other major currencies in the interbank market today. It gained one paisa against the UAE Dirham (AED) and two paisas against the Saudi Riyal (SAR). Meanwhile, it lost Rs. 1.44 against the Canadian Dollar (CAD). It lost Rs. 1.17 against the Euro (EUR) and Rs. 1.66 against the British Pound (GBP). The rupee gained Rs. 1.38 against the Australian Dollar (AUD) in today’s interbank currency market.