Rupee Falls Under 282 Against US Dollar, Stays Near 382 Against British Pound

The Pakistani rupee (PKR) closed in red against the US Dollar (USD) on Tuesday but in green against British Pound (GBP). 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 282-284 level today. It was bearish all day and closed in red against the greenback. Meanwhile, it posted gains against some of the other major currencies during today’s session. The PKR depreciated by 0.05 percent DoD after losing 15 paisas and closed at 282.11 against the US Dollar today. On a fiscal year-to-date basis (FYTD), the PKR has lost 1.34 percent against the US Dollar. The PKR was green against some of the other major currencies in the interbank market today. It lost four paisas against the UAE Dirham (AED) and five paisas against the Saudi Riyal (SAR). Meanwhile, it gained 62 paisas against the Canadian Dollar (CAD). The rupee gained 59 paisas against the Australian Dollar (AUD) in today’s interbank currency market. It lost five paisas against the Euro (EUR) but gained 60 paisas against the British Pound (GBP).