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Rupee Set to Mark 50 Straight Sessions of Modest Gains Against the US Dollar

5 min read
Legal Expert
Rupee Set to Mark 50 Straight Sessions of Modest Gains Against the US Dollar
The Pakistani rupee (PKR) closed in green against the US Dollar (USD) 47th day in a row on Friday. It is now just two days away from accomplishing 50 straight sessions of gains against the greenback. Meanwhile, it posted losses against most of the other major currencies during today’s session. The PKR barely appreciated by 0.006 percent DoD and closed at 280.5 against the US Dollar today. On a fiscal year-to-date basis (FYTD), the PKR has gained 1.16 percent against the US Dollar. The PKR was red against most of the other major currencies in the interbank market today. It was red against the UAE Dirham (AED) and Saudi Riyal (SAR). Meanwhile, it lost 83 paisas against the Canadian Dollar (CAD). The rupee lost 70 paisas against the Australian Dollar (AUD) in today’s interbank currency market.
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Written by the expert legal team at Javid Law Associates. Our team specializes in corporate law, tax compliance, and business registration services across Pakistan.

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