The Pakistani rupee (PKR) posted losses against the US Dollar (USD) but posted gains 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 286-289 level today. A few sellers again quoted Rs. 290/$ at a few counters in the federal capital today.
GBP stayed at 390-393 against the PKR in the open market. According to the Exchange Companies Association of Pakistan (ECAP), the buying rate stood at 390 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 losses 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 284.71 against the US Dollar today.
On a fiscal year-to-date basis (FYTD), the PKR has lost 2.06 percent against the US Dollar.
Other currencies
The PKR was red against most of the other major currencies in the interbank market today.
It lost seven paisas against the UAE Dirham (AED) and seven paisas against the Saudi Riyal (SAR).
Meanwhile, it lost 56 paisas against the Canadian Dollar (CAD).
The rupee lost nine paisas against the Australian Dollar (AUD) in today’s interbank currency market.
It lost 35 paisas against the Euro (EUR) but gained 96 paisas against the British Pound (GBP).
Please correct it was 295