Rupee Ends Losing Streak Against USD But Loses Rs. 3.5 Against Australian Dollar

The Pakistani rupee (PKR) closed in green ending its 3-day losing against the US Dollar (USD) today after opening trade at 281 in the interbank market. On a day-on-day (DoD) basis, the interbank rate stayed at 280-281/$ most of the day before closing at the 280 level. Open market rates across multiple currency counters remained at the 281-282 level today. It was stable all day and closed in green against the greenback. Meanwhile, it posted losses against all of the other major currencies during today’s session. The PKR appreciated by 0.08 percent DoD after gaining 21 paisas and closed at 280.55 against the US Dollar today. On a fiscal year to date basis (FYTD), the PKR has lost 0.79 percent against the US Dollar. The PKR was red against all of the other major currencies in the interbank market today. It lost five paisas against the UAE Dirham (AED) and five paisas against the Saudi Riyal (SAR). Meanwhile, it lost Rs. 1.77 against the Canadian Dollar (CAD). It lost 40 paisas against the Euro (EUR) and Rs. 2.01 against the British Pound (GBP). The rupee lost Es. 3.50 against the Australian Dollar (AUD) in today’s interbank currency market.