Rupee Loses Nearly Rs. 10 Against Euro, Rs. 5 Against British Pound

The Pakistani rupee (PKR) closed in green 2nd day in a row against the US Dollar (USD) today after opening trade at 280 in the interbank market. It lost a whopping Rs. 9.7 against the Euro (EUR) and Rs. 5.42 against the British Pound (GBP). On a day-on-day (DoD) basis, the interbank rate stayed at 280-281/$ most of the day before closing at the 280 level. Open market rates across multiple currency counters remained at the 281-282 level today. It was stable all day and closed in green against the greenback. Meanwhile, it posted losses against most of the other major currencies during today’s session. The PKR appreciated by 0.03 percent DoD after gaining nine paisas and closed at 280.46 against the US Dollar today. On a fiscal year to date basis (FYTD), the PKR has lost 0.76 percent against the US Dollar. The PKR was red against most of the other major currencies in the interbank market today. It gained two paisas against the UAE Dirham (AED) and two paisas against the Saudi Riyal (SAR). Meanwhile, it lost Rs. 2.36 against the Canadian Dollar (CAD). The rupee lost Rs. 1.50 against the Australian Dollar (AUD) in today’s interbank currency market.