The Pakistani rupee (PKR) posted losses second day in a row against the US Dollar (USD) but recovered further against the British Pound (GBP) on Monday.
On a day-on-day (DoD) basis, the interbank rate stayed at 285/$ most of the day before closing at the 284 level. Open market rates across multiple currency counters remained at the 284-289 level today. A few sellers briefly quoted Rs. 290/$ at a few counters in the federal capital today.
GBP stayed at 388-393 against the PKR in the open market. According to the Exchange Companies Association of Pakistan (ECAP), the selling rate stood at 388 while several exchange shops across main cities were selling GBP at rates as high as Rs. 393.
PKR was bearish all day and closed in red against the greenback. Meanwhile, it posted gains against most of the other major currencies during today’s session.
The PKR depreciated by 0.09 percent DoD after losing 25 paisas and closed at 284.21 against the US Dollar today.
On a fiscal year-to-date basis (FYTD), the PKR has lost 1.95 percent against the US Dollar.
The PKR was green against most of the other major currencies in the interbank market today.
It lost six paisas against the UAE Dirham (AED) and six paisas against the Saudi Riyal (SAR).
Meanwhile, it gained 94 paisas against the Canadian Dollar (CAD).
The rupee gained Rs. 1.44 against the Australian Dollar (AUD) in today’s interbank currency market.
It gained 57 paisas against the Euro (EUR) and Rs. 1.36 against the British Pound (GBP).
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.