PKR Makes Big Gains Against Euro, Other Currencies To Begin Week

The Pakistani rupee (PKR) closed in green 3rd day in a row against the US Dollar (USD) today after opening trade at 278 in the interbank market. It 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 interbank rate stayed at 278/$ most of the day before closing at the 277 level. Open market rates across multiple currency counters remained at the 278-280 level today. The PKR closed at 277.75 after, a little bit higher than Friday’s close against the US Dollar today. On a fiscal year-to-date basis, the rupee has so far appreciated by 0.21 percent. The PKR was green against most of the other major currencies in the interbank market today. It was stable against the Saudi Riyal (SAR) and the UAE Dirham (AED). Meanwhile, it gained 10 paisas against the Canadian Dollar (CAD). It gained 14 paisas against the Australian Dollar (AUD), Rs. 1.07 against the Euro (EUR), and 54 paisas against the British Pound (GBP) in today’s interbank currency market.