Rupee Halts Losses Against Most Currencies to End January

The Pakistani rupee (PKR) closed in green to end the first month of 2025 against the US Dollar (USD) today after opening trade at 280 in the interbank market. On a day-on-day (DoD) basis, the interbank rate stayed at 278-280/$ most of the day before closing at the 278 level. Open market rates across multiple currency counters remained at the 279-282 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 depreciated by 0.01 percent DoD after gaining two paisas and closed at 278.95 against the US Dollar today. On a fiscal year-to-date basis, the rupee has so far depreciated by 0.23 percent. The PKR was green against most of the other major currencies in the interbank market today. It was stable against both the UAE Dirham (AED) and the Saudi Riyal (SAR). Meanwhile, it gained 27 paisas against the Canadian Dollar (CAD). It gained 51 paisas against the Euro (EUR) and 48 paisas against the British Pound (GBP). The rupee lost 30 paisas against the Australian Dollar (AUD) in today’s interbank currency market.