Interbank closing: PKR declines by 12.74 paisa against USD

KARACHI: The Pakistani rupee (PKR) experienced a depreciation of 12.74 paisa against the US dollar (USD) during Monday’s interbank session.

The local currency settled at PKR 278.5 per USD, down from the previous session’s closing rate of PKR 278.38 per USD.

Throughout the session, the PKR saw an intraday high bid of PKR 278.7 and a low ask of PKR 278.5. In the open market, exchange companies quoted the dollar at PKR 277.75 for buying and PKR 280.23 for selling.

PKR’s performance against other currencies

– The UAE Dirham appreciated by 3.67 paisa, closing at 75.79, up from 75.82.

– The British Pound increased by 1.15 rupees, closing at PKR 356.87 compared to the previous day’s PKR 355.72.

– Against the Euro, the PKR lost 31.89 paisa, closing at PKR 301.76, down from PKR 301.44.

– The Chinese Yuan recorded a slight gain of 0.47 paisa, maintaining a steady close at 38.31.

– The Saudi Riyal increased by 3.59 paisa, closing at 74.25 compared to 74.21.

– The Japanese Yen saw a marginal gain of 0.08 paisa, with the PKR closing at 1.7307 versus 1.7315 previously.

– The Swiss Franc appreciated by 1.25 rupees, ending at PKR 311.21, up from PKR 309.96.

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