Rupee Maintains Positive Momentum Against US Dollar 3rd Day in a Row

The Pakistani rupee (PKR) rose third 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 same level. Open market rates across multiple currency counters were strictly at the 278 level today. The PKR appreciated by 0.03 percent to close at 278.4 after gaining 10 paisas against the US Dollar today. On a fiscal year-to-date basis, the rupee has so far depreciated by 0.07 percent. 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), three paisas against the Saudi Riyal (SAR), Rs. 1.04 against the Euro (EUR), and Rs. 1.41 against the British Pound (GBP). Meanwhile, it lost seven paisas against the Australian Dollar (AUD) and 19 paisas against the Canadian Dollar (CAD) in today’s interbank currency market.