Islamabad, Sep 19: The Pakistani rupee (PKR) continued its upward trend for the 7th consecutive day against the US Dollar (USD), maintaining stability at 278 PKR/USD in the interbank market. Despite this appreciation against the USD, the PKR experienced losses against most major currencies.
Key Points:
- PKR Against USD: The PKR appreciated by 0.03% today, closing at 277.91 PKR/USD. This represents a gain of 13 paisas against the USD. The interbank rate remained stable at 278 PKR/USD throughout the day, with open market rates also aligning at 277-278 PKR/USD.
- PKR Against Other Major Currencies:
- Euro (EUR): The PKR lost 35 paisas.
- Canadian Dollar (CAD): The PKR depreciated by 38 paisas.
- Australian Dollar (AUD): The PKR fell by Rs. 1.13.
- British Pound (GBP): The PKR dropped by Rs. 1.22.
The ongoing appreciation of the PKR against the USD indicates positive sentiment towards the local currency, though it remains vulnerable to fluctuations against other major currencies.
