The Pakistani rupee (PKR) closed in green after 3 bearish sessions against the US Dollar (USD) today after opening trade at 279 in the interbank market.
On a day-on-day (DoD) basis, the interbank rate stayed at 278-280/$ most of the day before closing at the 278 level. Open market rates across multiple currency counters remained at the 279-281 level today.
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 PKR appreciated by 0.02 percent DoD after gaining five paisas and closed at 278.87 against the US Dollar today.
On a fiscal year-to-date basis, the rupee has so far depreciated by 0.20 percent.
The PKR was green against most of the other major currencies in the interbank market today.
It gained one paisa against the UAE Dirham (AED) and one paisa against the Saudi Riyal (SAR).
Meanwhile, it gained 17 paisas against the Canadian Dollar (CAD).
It gained 47 paisas against the Euro (EUR) and lost 22 paisas against the British Pound (GBP).
The rupee gained 38 paisas against the Australian Dollar (AUD) in today’s interbank currency market.
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Actually its last of month and people will start sending remittances therefore banks with govt always keep the rates low to pass less benefit to public.