Rupee Gains Whopping Rs. 6 Against British Pound As Market Closes in Green

The Pakistani rupee (PKR) closed in green ending its 3-day losing streak 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 278-279/$ most of the day before closing at the 278 level. Open market rates across multiple currency counters remained at the 278-281 level today. It was stable all day and closed in green against the greenback. Meanwhile, it posted gains against all of the other major currencies during today’s session. The PKR appreciated by 0.04 percent DoD after gaining 11 paisas and closed at 278.6 against the US Dollar today. On a fiscal year-to-date basis, the rupee has so far depreciated by 0.12 percent. The PKR was green against all of the other major currencies in the interbank market today. It gained three paisas against the UAE Dirham (AED) and three paisas against the Saudi Riyal (SAR). Meanwhile, it gained 65 paisas against the Canadian Dollar (CAD). It gained Rs. 1.32 against the Euro (EUR) and Rs. 6.08 against the British Pound (GBP). The rupee gained Rs. 1.49 against the Australian Dollar (AUD) in today’s interbank currency market.