Rupee Gains More Ground 3rd Day in a Row Against US Dollar

The Pakistani rupee (PKR) rose third day in a row against the US Dollar today after opening trade at 278 in the interbank market.

It was stable all day and closed in green against the greenback. Meanwhile, it posted gains against most of the other major currencies during today’s session.

The interbank rate stayed at 278/$ most of the day before closing at the same level. Open market rates across multiple currency counters were strictly at the 278 level today.

The PKR appreciated by 0.03 percent to close at 278.32 after gaining nine paisas against the US Dollar today.

On a fiscal year-to-date basis, the rupee has so far appreciated by 0.09 percent.

Overall, the rupee is down nearly Rs. 51.43 since January 2023. Since April 2022, it is down Rs. 95.43 against the greenback. As per the exchange rate movements seen during the session, the PKR gained over nine paisas today.

The PKR was green against most of the other major currencies in the interbank market today.

It was stable against the Australian Dollar (AUD) and gained two paisas against the Saudi Riyal (SAR), two paisas against the UAE Dirham (AED), and 37 paisas against the Euro (EUR).

Meanwhile, it lost 23 paisas against the British Pound (GBP) and 48 paisas against the Canadian Dollar (CAD) in today’s interbank currency market.