The Pakistani rupee (PKR) posted losses third day in a row against the US Dollar (USD) and also reversed gains against the British Pound (GBP) on Tuesday.
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 285-289 level today. A few sellers again quoted Rs. 290/$ at a few counters in the federal capital today.
GBP stayed at 388-394 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. 394.
PKR was bearish all day and closed in red against the greenback. Meanwhile, it posted losses against all of the other major currencies during today’s session.
The PKR depreciated by 0.05 percent DoD after losing 14 paisas and closed at 284.36 against the US Dollar today.
On a fiscal year-to-date basis (FYTD), the PKR has lost 2.00 percent against the US Dollar.
Other currencies
The PKR was red against all of the other major currencies in the interbank market today.
It lost three paisas against the UAE Dirham (AED) and three paisas against the Saudi Riyal (SAR).
Meanwhile, it lost 43 paisas against the Canadian Dollar (CAD).
The rupee lost Rs. 1.17 against the Australian Dollar (AUD) in today’s interbank currency market.
It lost 48 paisas against the Euro (EUR) and Rs. 1.06 against the British Pound (GBP).
