Rupee Ends Losing Streak Against US Dollar, Gives British Pound a Beating

The Pakistani rupee (PKR) ended the week reversing its 3-day losing streak against the US Dollar (USD) today after opening trade at 278 in the interbank market.

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

The interbank rate stayed at 279/$ most of the day before closing at the 278 level. Open market rates across multiple currency counters remained at the 278-281 level today.

The PKR appreciated by 0.04 percent and closed at 278.11 after gaining 11 paisas against the US Dollar today.

On a fiscal year-to-date basis, the rupee has so far appreciated by 0.08 percent.

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

It gained three paisas against the Saudi Riyal (SAR) and three paisas against the UAE Dirham (AED).

Meanwhile, it gained Rs. 1.21 against the Canadian Dollar (CAD).

It gained Rs. 1.53 against the Euro (EUR) and Rs. 1.43 against the Australian Dollar (AUD).

The rupee gained Rs. 3.86 against the British Pound (GBP) in today’s interbank currency market.

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