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Intraday trading: PKR edges up slightly against USD

Intraday trading: PKR edges up slightly against USD

Web Desk
Aug 13, 2024

WEB DESK: The Pakistani rupee (PKR) demonstrated stability against the US dollar (USD) during the initial trading hours in the inter-bank market on Tuesday.

The local currency was valued at 278.63, showing a modest gain of Re0.01 against the greenback.

In recent months, the domestic currency has fluctuated between 277 and 279 per dollar, as traders monitor positive economic indicators.

On the global front, the US dollar remained largely unchanged as investors awaited new US economic data that could influence the likelihood of significant rate cuts.

Previous closing

On Monday, the local currency closed at 278.64 against the USD, as reported by the State Bank of Pakistan (SBP).

Currency	Difference (Paisa)	Monday’s closing	Friday’s closing
Euro	10.07	304.32	304.22
British Pound	28.49	355.78	355.50
Swiss Franc	67.21	321.03	321.71
Japanese Yen	0.06	1.8929	1.8923
Chinese Yuan	0.50	38.82	38.83
Saudi Riyal	1.47	74.23	74.22
UAE Dirham	2.51	75.84	75.86

Exchange rates (PKR in other currencies)

In the current financial year, the PKR has depreciated against the USD by 30.11 paisa, or 0.11 per cent. However, in the calendar year to date, the PKR has appreciated by 3.22 rupees, or 1.16 per cent.