In Tuesday’s interbank session, the Pakistani rupee (PKR) showcased a modest appreciation of 1.09 paisa against the US dollar, settling at PKR 278.18 per USD compared to the previous session’s closing of PKR 278.20 per USD. Throughout the session, the currency reached an intraday high (bid) of 278.35 and a low (ask) of 278.15.
In the open market, exchange companies quoted the dollar at PKR 277.02 for buying and PKR 279.50 for selling.
However, against major currencies, the PKR witnessed mixed performance:
- Against the Euro, the PKR lost 15.51 paisa, closing at PKR 299.94 compared to the previous value of PKR 299.78.
- The British Pound became costlier by 11.15 paisa, closing at PKR 348.55 compared to PKR 348.44 from the previous day.
- The Swiss Franc experienced losses of 56.93 paisa, closing at PKR 306.24 compared to PKR 306.80 from the previous session.
- Against the Japanese Yen, the PKR gained 0.69 paisa, closing at 1.7777 versus 1.7846 a day ago.
- The Chinese Yuan lost 1.48 paisa, closing at PKR 38.44 against PKR 38.45 from the previous session.
- The Saudi Riyal closed at PKR 74.17 with a loss of 0.3 paisa from its value of PKR 74.18 a day ago.
- The UAE Dirham decreased in value by 0.4 paisa from PKR 75.74 a day ago to PKR 75.74.
In terms of year-to-date performance, during the current financial year, the PKR has appreciated against the US Dollar by 7.81 rupees or 2.81%. Meanwhile, in the current calendar year, the PKR has appreciated by 3.68 rupees or 1.32%.
In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates marginally decreased by 1 basis point to 21.31% and 21.56%.
