Islamabad, June 20, 2025: The Pakistani Rupee (PKR) continued its downward trajectory on Friday, marking the eighth consecutive day of losses against the US Dollar (USD) and weakening sharply against other major currencies, including the British Pound (GBP).
Throughout the trading session, the interbank rate hovered between Rs. 283 and Rs. 284 per dollar, eventually settling at Rs. 283. Meanwhile, open market dollar rates fluctuated between Rs. 285 and Rs. 288, reflecting sustained pressure on the local currency. In intraday trade, the rupee briefly touched Rs. 288 per dollar before recovering slightly into the Rs. 284-287 band.
Against the British Pound, the PKR experienced a notable dip. Although the rate remained mostly between Rs. 384 and Rs. 387, the pound momentarily surged to Rs. 391 in the open market, underlining the rupee’s fragile standing in global currency dynamics.
PKR Performance Against Other Currencies
The rupee ended the session with a 0.02% day-on-day depreciation, shedding six paisas and closing at Rs. 283.7 against the US Dollar. So far this fiscal year, the rupee has lost 1.81% in value against the greenback.
Across the interbank market, the rupee posted mixed results against other major currencies:
- Down 1 paisa against the UAE Dirham (AED)
- Stable against the Saudi Riyal (SAR)
- Dropped 37 paisas versus the Canadian Dollar (CAD)
- Lost 48 paisas against the Australian Dollar (AUD)
- Fell Rs. 1.43 against the Euro (EUR)
- Tumbled Rs. 1.89 against the British Pound (GBP)
This persistent decline underscores growing market uncertainty and renewed demand for foreign currency, especially amid rising global oil prices and domestic economic concerns.
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