Islamabad, Jan 3: The Pakistani rupee (PKR) closed in the green against the US Dollar (USD), ending a four-day losing streak after opening at 279 in the interbank market. On a day-on-day (DoD) basis, the PKR hovered around the 278-279/$ mark, maintaining stability throughout the day before closing at 278.56 against the USD, reflecting a gain of eight paisas and a 0.03% appreciation.
In the open market, exchange rates for the USD ranged between 278-281. Despite fluctuations in the broader currency market, the PKR saw overall positive movement, also posting gains against most other major currencies.
The rupee appreciated by Rs. 2.31 against the Euro (EUR) and Rs. 3.33 against the British Pound (GBP). It also gained two paisas against the UAE Dirham (AED) and the Saudi Riyal (SAR). However, it faced some challenges, losing 11 paisas against the Canadian Dollar (CAD) and 21 paisas against the Australian Dollar (AUD).
On a fiscal year-to-date basis, the rupee has depreciated by just 0.1%, showcasing relative stability despite challenges in global markets. The performance today highlights the resilience of the PKR in comparison to major currencies.
