The Pakistani rupee (PKR) closed in red against the US Dollar (USD) and also posted losses 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 287-290 level today. A few sellers quoted Rs. 291/$ in the federal capital today.
GBP rose again to 384-391 against the PKR in the open market. According to the Exchange Companies Association of Pakistan (ECAP), the buying rate stood at 383 while several exchange shops across main cities were selling GBP at rates as high as Rs. 391.
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 0.03 percent and lost eight paisas to close at 284.95 against the US Dollar today.
On a fiscal year-to-date basis (FYTD), the PKR has lost 2.14 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 two paisas against the UAE Dirham (AED) and two paisas against the Saudi Riyal (SAR).
Meanwhile, it lost 10 paisas against the Canadian Dollar (CAD).
The rupee gained 12 paisas against the Australian Dollar (AUD) in today’s interbank currency market.
It lost 11 paisas against the Euro (EUR) and 24 paisas against the British Pound (GBP).
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