Islamabad, Aug 20: After starting trade at 278 in the interbank market, the Pakistani rupee (PKR) remained steady vs the US dollar today. For the fourth consecutive day, it closed in the green against the greenback all day long. During today’s session, it recorded losses compared to the majority of the other major currencies.
The interbank rate closed at 278/$, where it had spent the majority of the day. Today’s open market rates were rigidly set at the 278 level across a number of currency exchanges.
The PKR gained 10 paisas against the US dollar today, and it appreciated by 0.04 percent to settle at 278.34.
Thus far this fiscal year, the rupee has strengthened by 0.09 percent. Since January 2023, the rupee has decreased overall by over Rs. 51.44. It has decreased by Rs. 95.44 versus the US dollar from April 2022. The PKR appreciated 10 paisas today based on the changes in currency rates that were observed during the session.
Against the majority of the other major currencies in the interbank market today, the PKR was in the red.In relation to the Canadian Dollar (CAD), the British Pound (GBP), the Euro (EUR), the Australian Dollar (AUD), and the Euro (GBP), it lost 67 paisas, 73 paisas, and 89 paisas, respectively. In today’s interbank currency market, it gained one paisa versus the Saudi Riyal (SAR) and two paisas against the UAE Dirham (AED).
