The Pakistani rupee (PKR) began September with a decline against the US Dollar, opening trading at 278 in the interbank market. Although the rupee remained steady throughout the day, it ended lower against the greenback. However, it showed strength against most other major currencies during the session.
Throughout the day, the interbank rate remained stable at 278/$, closing at the same level. Open market rates also held steady at 278.
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The PKR depreciated by 0.04 percent, closing at 278.64, marking a loss of 10 paisas against the US Dollar. Year-to-date, the rupee has experienced a 0.11 percent depreciation.
Despite its decline against the US Dollar, the PKR gained ground against several other major currencies today. It appreciated by 21 paisas against the Canadian Dollar (CAD), 35 paisas against the Euro (EUR), 77 paisas against the Australian Dollar (AUD), and Rs. 1.25 against the British Pound (GBP). Conversely, it fell by two paisas against both the Saudi Riyal (SAR) and the UAE Dirham (AED) in the interbank market.
