Rupee Ends 1st Week of April in Green Against US Dollar

The Pakistani rupee (PKR) closed in green to end the week against the US Dollar (USD) today after opening trade at 281 in the interbank market. On a day-on-day (DoD) basis, the interbank rate stayed at 280-281/$ most of the day before closing at the 280 level. Open market rates across multiple currency counters remained at the 281-282 level today. 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 PKR appreciated by 0.03 percent DoD after gaining nine paisas and closed at 280.46 against the US Dollar today. 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 three paisas against the Saudi Riyal (SAR). Meanwhile, it lost one paisa against the Canadian Dollar (CAD). It lost 40 paisas against the Euro (EUR) but gained Rs. 3.93 against the British Pound (GBP). The rupee lost Rs. 2.82 against the Australian Dollar (AUD) in today’s interbank currency market.