Trend Continues as Rupee Dips Big Against All Currencies Again

The Pakistani rupee (PKR) once again posted losses against the US dollar in the interbank market today. PKR improved substantially by Rs. 1.09 against the greenback on Monday. It deteriorated 10 paisas yesterday (Tuesday) and deepened that loss further with a 57 paisa erosion against the USD today. ALSO READ Rupee Posts Losses Again After One Day of Improvement PKR traded between Rs. 161.00 and Rs. 162.22 today, before closing at Rs. 161.89 to the USD (28 July), down from Tuesday’s (27 July) exchange rate of Rs. 161.32 to the USD. The PKR also posted blanket losses against the other major currencies in the interbank market yesterday and today after posting blanket improvements on the opening day of the week. PKR lost massively by Rs. 1.43 against the Euro, substantially eroded by Rs. 2.43 against the British Pound (GBP), lost 53 paisas against the Australian Dollar (AUD), and deteriorated 59 paisas against the Canadian Dollar (CAD). ALSO READ Pakistani Rupee Makes a Huge Recovery Against All Major Currencies The PKR also posted losses of 15 paisas against both the UAE Dirham (AED) and the Saudi Riyal (SAR) in the interbank currency market today.