Rupee Ends Today’s Session With More Losses Against US Dollar

The Pakistani rupee (PKR) posted losses second day in a row against the US Dollar (USD) after opening trade at 278 in the interbank market. It was stable all day but closed in red against the greenback. Meanwhile, it posted losses against some 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 remained at the 278-281 level today. The PKR depreciated by 0.03 percent to close at 277.74 after losing eight paisas 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 red against some of the other major currencies in the interbank market today. It lost two paisas against the UAE Dirham (AED) and three paisas against the Saudi Riyal (SAR). Meanwhile, it lost 42 paisas against the British Pound (GBP). It gained 31 paisas against the Canadian Dollar (CAD), 42 paisas against the Euro (EUR), and 45 paisas against the Australian Dollar (AUD) in today’s interbank currency market.