Islamabad, July 7, 2025: The Pakistani Rupee (PKR) slipped slightly for the second consecutive day against the US Dollar (USD) on Monday, closing at Rs. 284.21, down by 25 paisas or 0.09% day-on-day. The interbank market stayed mostly stable at 285 during the day before settling lower.
In the open market, USD traded between Rs. 284 to Rs. 289, with isolated counters in Islamabad briefly quoting as high as Rs. 290 per dollar.
In contrast, the PKR rebounded strongly against the British Pound (GBP). While ECAP quoted the pound at Rs. 388, many exchange counters in major cities were selling GBP for as high as Rs. 393.
Despite its weakness against the greenback, the rupee strengthened against several other key currencies. Notable interbank gains included:
- Rs. 1.44 against the Australian Dollar (AUD)
- 94 paisas against the Canadian Dollar (CAD)
- 57 paisas against the Euro (EUR)
- Rs. 1.36 against the British Pound (GBP)
Losses were marginal against the UAE Dirham (AED) and Saudi Riyal (SAR), with a dip of six paisas against both.
So far in the fiscal year-to-date (FYTD), the PKR has depreciated by 1.95% against the US Dollar. Market analysts link this trend to ongoing economic uncertainty and demand pressures.
