Rupee Ends Session With Losses Against US Dollar 3rd Day in a Row

The Pakistani rupee (PKR) closed in red against the US Dollar (USD) 3rd day in a row today after opening trade at 280 in the interbank market. On a day-on-day (DoD) basis, the interbank rate stayed at 279-280/$ most of the day before closing at the 279 level. Open market rates across multiple currency counters remained at the 280-281 level today. It was bearish all day and closed in red against the greenback. Meanwhile, it posted gained against most of the other major currencies during today’s session. The PKR depreciated by 0.003 percent and lost one paisa to close at 279.67 against the US Dollar today. On a fiscal year-to-date basis, the rupee has so far depreciated by 0.47 percent. The PKR was green against most of the other major currencies in the interbank market today. It was stable but closed in red against the UAE Dirham (AED) and the same against the Saudi Riyal (SAR). Meanwhile, it gained 75 paisas against the Canadian Dollar (CAD). It gained 29 paisas against the Euro (EUR) and 46 paisas against the British Pound (GBP). The rupee gained 72 paisas against the Australian Dollar (AUD) in today’s interbank currency market.