The Pakistani rupee (PKR) posted losses to end the week against the US Dollar (USD) but recovered further against the British Pound (GBP) on Friday.
On a day-on-day (DoD) basis, the interbank rate stayed at 284/$ most of the day before closing at the 283 level. Open market rates across multiple currency counters remained at the 284-288 level today.
GBP stayed at 391-395 against the PKR in the open market. According to the Exchange Companies Association of Pakistan (ECAP), the selling rate stood at 394 while several exchange shops across main cities were selling GBP at rates as high as Rs. 395.
PKR was bearish all day and closed in red against the greenback. Meanwhile, it posted losses against some of the other major currencies during today’s session.
The PKR depreciated by 0.04 percent DoD after losing 10 paisas and closed at 283.96 against the US Dollar today.
On a fiscal year-to-date basis (FYTD), the PKR has lost 1.86 percent against the US Dollar.
Other currencies
The PKR was red against some of the other major currencies in the interbank market today.
It lost two paisas against the UAE Dirham (AED) and two paisas against the Saudi Riyal (SAR).
Meanwhile, it lost five paisas against the Canadian Dollar (CAD).
The rupee gained 50 paisas against the Australian Dollar (AUD) in today’s interbank currency market.
It gained 77 paisas against the Euro (EUR) and seven paisas against the British Pound (GBP).
