The Pakistani rupee (PKR) posted gains ending its 5-day losing streak against the US Dollar (USD) and also posted gained 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 284 level. Open market rates across multiple currency counters remained at the 284-288 level today. A few sellers again quoted Rs. 289/$ at a few counters in the federal capital today.
GBP stayed at 385-390 against the PKR in the open market. According to the Exchange Companies Association of Pakistan (ECAP), the selling rate stood at 385 while several exchange shops across main cities were selling GBP at rates as high as Rs. 390.
PKR 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 0.04 percent DoD after gaining 10 paisas and closed at 284.46 against the US Dollar today.
On a fiscal year-to-date basis (FYTD), the PKR has lost 1.97 percent against the US Dollar.
Other currencies
The PKR was green against most of the other major currencies in the interbank market today.
It gained two paisas against the UAE Dirham (AED) and two paisas against the Saudi Riyal (SAR).
Meanwhile, it gained 51 paisas against the Canadian Dollar (CAD).
The rupee lost 51 paisas against the Australian Dollar (AUD) in today’s interbank currency market.
It gained Rs. 1.48 against the Euro (EUR) and Rs. 2.33 against the British Pound (GBP).
Let us hope it comes to 250