The Pakistani rupee (PKR) closed in the red against the US Dollar (USD) for the fourth consecutive day today, after opening trade at 279 in the interbank market.
PKR Performance in the Interbank Market
On a day-on-day (DoD) basis, the exchange rate stayed within the 278-279/$ range for most of the day before settling at the 278 level at the close of trading. Open market rates across various currency counters remained within the 278-281 range.
Despite volatility throughout the day, the PKR ultimately closed lower against the greenback, marking a depreciation of 0.03 percent DoD. The rupee lost nine paisas, closing at 278.64 against the US Dollar. On a fiscal year-to-date basis, the PKR has depreciated by 0.13 percent.
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PKR Performance Against Other Major Currencies
While the rupee showed weakness against the US Dollar, it made some gains against several other major currencies during the session:
- The PKR lost two paisas against the UAE Dirham (AED) and six paisas against the Saudi Riyal (SAR).
- It gained 34 paisas against the Canadian Dollar (CAD).
- The rupee posted a notable gain of 81 paisas against the British Pound (GBP) and Rs. 1.19 against the Euro (EUR).
- Additionally, the PKR gained 31 paisas against the Australian Dollar (AUD).
