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Rupee Inches Up 41st Day in a Row Against US Dollar

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Legal Editorial Desk
Rupee Inches Up 41st Day in a Row Against US Dollar
The Pakistani rupee (PKR) closed in green against the US Dollar (USD) 41st day in a row on Friday. Meanwhile, it posted gains against some of the other major currencies during today’s session. The PKR barely appreciated by 0.01 percent DoD and closed at 280.62 after gaining one paisa against the US Dollar today. On a fiscal year-to-date basis (FYTD), the PKR has gained 1.15 percent against the US Dollar. The PKR was green against some of the other major currencies in the interbank market today. It gained one paisa against the UAE Dirham (AED) and one paisa against the Saudi Riyal (SAR). Meanwhile, it lost 58 paisas against the Canadian Dollar (CAD). The rupee gained 93 paisas against the Australian Dollar (AUD) in today’s interbank currency market. It lost 57 paisas against the Euro (EUR) and 22 paisas against the British Pound (GBP).
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Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.

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