The Pakistani rupee (PKR) closed in green against the US Dollar (USD) but posted losses against the British Pound (GBP) on Wednesday.
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 287-289 level today. A few sellers quoted Rs. 290/$ in the federal capital today.
GBP rose to 387-393 against the PKR in the open market. According to the Exchange Companies Association of Pakistan (ECAP), the buying rate stood at 387 while several exchange shops across main cities were selling GBP at rates as high as Rs. 394.
PKR was stable all day and closed in green against the greenback. Meanwhile, it posted losses against most of the other major currencies during today’s session.
The PKR appreciated by 0.07 percent and gained 21 paisas to close at 284.75 against the US Dollar today.
On a fiscal year-to-date basis (FYTD), the PKR has lost 2.08 percent against the US Dollar.
Other currencies
The PKR was red against most of the other major currencies in the interbank market today.
It gained five paisas against the UAE Dirham (AED) and five paisas against the Saudi Riyal (SAR).
Meanwhile, it lost Rs. 1.4 against the Canadian Dollar (CAD).
The rupee lost Rs. 1.96 against the Australian Dollar (AUD) in today’s interbank currency market.
It lost Rs. 1.21 against the Euro (EUR) and Rs. 1.74 against the British Pound (GBP).
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