Rupee Falls Against US Dollar, AUD, Euro, British Pound for 2nd Consecutive Day

Today, the Pakistani rupee (PKR) fell against the US Dollar (USD) after having already fallen the previous day and opened trading at 279 in the interbank market.

On a day-on-day DoD basis, the interbank rate remained within a range of 278-280/$ for most of the day before closing at 278. Open market rates at different currency counters were stable at 279-281 today.

It has been red throughout the day, closing in red against the US dollar. Meanwhile, it tallied losses against most of the other major currencies during today’s session.

There were losses of three paisas, resulting in the PKR’s depreciation of 0.01 percent DoD and thereby closing at 278.85 against the US Dollar today.

The rupee has depreciated by 0.19 percent so far this fiscal year.

Most of the currencies against which the PKR was red were other major currencies today in the interbank market.

It lost one paisa to the United Arab Emirates dirham (AED) and one paisa against the Saudi riyal (SAR).

On the other hand, it was depreciated against CAD by Rs. 1.64.
Losses against the Euro (EUR) were Rs. 1.29, whereas losses against the British Pound were Rs. 1.94.

The rupee has devalued by 79 paisas versus the Australian Dollar (AUD) in today’s interbank currency market.

Latest news

Pakistan Successfully Repays $1B Chinese Loan

Pakistan temporarily depleted its meager foreign exchange reserves to a six-month low of $10.6 billion after repaying a $1 billion Chinese commercial loan with...

At 1.7%, economic growth is flat

Economic growth in Pakistan slowed to just 1.7% during the second quarter of the current fiscal year, driven primarily by gains in the livestock...

IMF and Pakistan agree at the staff level on the new $1.3 billion RSF fund and the EFF review

The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement on the first review of Pakistan’s Extended Fund Facility (EFF) and a...

Kashmir Dispute: Pakistan Rejects India’s Claim at UN

Pakistan reiterates that Kashmir is a disputed region, rejecting India's claim and urging the UN to uphold resolutions on its final status. At the end...

Related news

Pakistan Successfully Repays $1B Chinese Loan

Pakistan temporarily depleted its meager foreign exchange reserves to a six-month low of $10.6 billion after repaying a $1 billion Chinese commercial loan with...

At 1.7%, economic growth is flat

Economic growth in Pakistan slowed to just 1.7% during the second quarter of the current fiscal year, driven primarily by gains in the livestock...

IMF and Pakistan agree at the staff level on the new $1.3 billion RSF fund and the EFF review

The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement on the first review of Pakistan’s Extended Fund Facility (EFF) and a...

Kashmir Dispute: Pakistan Rejects India’s Claim at UN

Pakistan reiterates that Kashmir is a disputed region, rejecting India's claim and urging the UN to uphold resolutions on its final status. At the end...