Rupee Stable Against US Dollar, Rises to 299 Against Euro

The Pakistani rupee (PKR) was stable 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 277 level. Open market rates across multiple currency counters remained at the 278-281 level today. The PKR closed at 277.72 after gaining one paisa against the US Dollar today. On a fiscal year-to-date basis, the rupee has so far appreciated by 0.22 percent. The PKR was green against most of the other major currencies in the interbank market today. It was stable but closed in red against the UAE Dirham (AED) and the Saudi Riyal (SAR). Meanwhile, it lost two paisas against the Canadian Dollar (CAD). It gained 61 paisas against the Australian Dollar (AUD), Rs. 1.06 against the British Pound (GBP), and Rs. 1.44 against the Euro (EUR) in today’s interbank currency market.