Rupee Trips Once Again Against US Dollar, Closes in Red Against All Top Currencies

The Pakistani rupee (PKR) closed in red ending its two-day win streak 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 280-281/$ most of the day before closing at the 280 level. Open market rates across multiple currency counters remained at the 281 level today. It was stable all day and closed in red against the greenback. Meanwhile, it posted losses against most of the other major currencies during today’s session. The PKR depreciated by 0.06 percent DoD after losing 15 paisas and closed at 280.62 against the US Dollar today. On a fiscal year to date basis (FYTD), the PKR has lost 0.82 percent against the US Dollar. The PKR was red against most of the other major currencies in the interbank market today. It lost four paisas against both the UAE Dirham (AED) and the Saudi Riyal (SAR). Meanwhile, it lost 81 paisas against the Canadian Dollar (CAD). The rupee lost 36 paisas against the Australian Dollar (AUD) in today’s interbank currency market. It lost 30 paisas against the Euro (EUR) but gained 74 paisas against the British Pound (GBP).