Today, the Pakistani rupee opened trading at 281 in the interbank market, marking its fifth consecutive day of advances versus the US dollar.
It was up to Rs. 280 at 11:30 PM, following an intraday rise of about Rs. 1 against the US dollar.
Before stabilizing tendencies at the 283 level for the duration of the day, the interbank rate stayed between 280 and 281.
However, today’s open market rates ranged from 281 to 284, depending on the currency counter.
Pak Rupee Appreciated by 5 Paisas in the Interbank Market
After gaining five paisas against the dollar today, the PKR appreciated by 0.02 percent to settle at 283.21 at the close.
For the 5th consecutive day, the rupee closed in the green today.
It has depreciated by 20.05% so far this calendar year, and on a fiscal YTD basis, it has appreciated by 0.98 percent.
Since January 2023, the rupee has decreased overall by over Rs. 65.
It has decreased by more than Rs. 112 versus the US dollar since April 2022.
According to today’s exchange rate moves, the PKR has appreciated five paisas in relation to the US dollar.
Other Currencies
Against the majority of the other major currencies in the interbank market today, the PKR was up.
It gained one paisa against the Saudi Riyal (SAR), one paisa against the UAE Dirham (AED), Rs. 2.01 against the British Pound (GBP), and Rs. 2.03 against the Euro (EUR). It remained unchanged versus the Canadian Dollar (CAD).
In today’s interbank currency market, however, it lost 26 paisas against the Australian Dollar (AUD).
To read our blog on “Rupee winning streak ends against US Dollar after 9 days,” click here.
