Rupee Gains Over Rs. 5 Against Euro, Drops to 279 Against US Dollar

The Pakistani rupee (PKR) closed in red to start February 2025 against the US Dollar (USD) today after opening trade at 280 in the interbank market. On a day-on-day (DoD) basis, the interbank rate stayed at 278-280/$ 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 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 0.03 percent DoD after losing two paisas and closed at 279.04 against the US Dollar today. On a fiscal year-to-date basis, the rupee has so far depreciated by 0.26 percent. The PKR was green against some of the other major currencies in the interbank market today. It lost two paisas against both the UAE Dirham (AED) and the Saudi Riyal (SAR). Meanwhile, it gained Rs. 3.53 against the Canadian Dollar (CAD). It gained Rs. 5.17 against the Euro (EUR) and Rs. 4.08 against the British Pound (GBP). The rupee gained Rs. 2.67 against the Australian Dollar (AUD) in today’s interbank currency market.