Rupee Ends September With Small Losses Against US Dollar

The Pakistani rupee (PKR) posted losses against the US Dollar (USD) today today after opening trade at 278 in the interbank market. It 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 interbank rate stayed at 278/$ most of the day before closing at the same level. Open market rates across multiple currency counters were strictly at the 277-278 level today. The PKR depreciated by 0.03 percent to close at 277.71 after losing seven paisas against the US Dollar today. On a fiscal year-to-date basis, the rupee has so far appreciated by 0.25 percent. The PKR was red against most of the other major currencies in the interbank market today. It lost one paisa against the Saudi Riyal (SAR), two paisas against the UAE Dirham (AED), 87 paisas against the British Pound (GBP), Rs. 1.20 against the Australian Dollar (AUD), and Rs. 1.47 against the Euro (EUR). Meanwhile, it gained 41 paisas against the Canadian Dollar (CAD) in today’s interbank currency market.