Rupee Punched to a Pulp Against All Major Currencies in Today’s Session

The Pakistani rupee (PKR) closed in red 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 279-281/$ 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 losses against all of the other major currencies during today’s session. The PKR depreciated by 0.03 percent DoD after losing nine paisas and closed at 279.25 against the US Dollar today. On a fiscal year-to-date basis, the rupee has so far depreciated by 0.33 percent. The PKR was red against all of the other major currencies in the interbank market today. It lost two paisas against the UAE Dirham (AED) and two paisas against the Saudi Riyal (SAR). Meanwhile, it lost 65 paisas against the Canadian Dollar (CAD). It lost Rs. 2.04 against the Euro (EUR) and Rs. 3.40 against the British Pound (GBP). The rupee lost 33 paisas against the Australian Dollar (AUD) in today’s interbank currency market.