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Pakistani Rupee Continues to Lose Value

The Pakistani Rupee (PKR) lost four paisas against the US Dollar (USD) in the interbank money market on the first day of the season of this current week after it had shut with a deficiency of 13 paisas on the last day of a week ago. It had shut at Rs. 160.79 to the USD on Monday (25 January) when contrasted with Rs. 160.74 on Friday. 

The PKR indicated a hodgepodge of results against other significant monetary forms with insignificant addition against the Euro and a slight increase against the Canadian Dollar (CAD), that included however misfortunes against the Great British Pound (GBP), the Australian Dollar (AUD), the UAE Dirham (AED), and the Saudi Arabian Riyal (SAR). 

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On Friday, the PKR improved by two paisas against the Euro. In spite of the fact that it had decayed continuously for three days against the Euro during the most recent week, the current week opened with an inversion of the pattern at a slight improvement. 

The Pakistani Rupee additionally posted a deficiency of 44 paisas against the GBP today in the wake of acquiring 42 paisas against it on Friday. 

The present development of the PKR against the AUD included a deficiency of five paisas following an increase of 32 paisas on Friday. 

It acquired 12 paisas against the CAD on the first day of the season of the after a long time subsequent to shutting a week ago with an increase of 48 paisas. 

The PKR has slowly been posting misfortunes against both the UAE Dirham (AED) and the Saudi Arabian Riyal (SAR). Monday has been the same yet the present misfortune is insignificant at one paisa against each when contrasted with its deficiency of three paisas each against the two monetary standards on Friday.

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