Pakistani rupee gains 22 paisa against US dollar in early trade

KARACHI: The Pakistani rupee (PKR), on the first trading day of the week, recorded a slight improvement against the US dollar (USD), appreciating 0.43 per cent during the initial trading hours in the interbank market on Monday.

The local currency was seen at Rs277.90 after recording a gain of 20 paisa against the greenback before 11 AM.

The rupee remained largely stable during the previous week against the USD.

Since the start of 2024, the PKR has appreciated by 1.39 per cent or Rs3.85 against the USD. On the other hand, the rupee has gained 0.12 per cent or 33.20 paisa against the greenback.

According to the State Bank of Pakistan (SBP), the PKR closed last week at Rs278.01 compared to Rs278.05 it had closed at the week earlier against the greenback.

PKR’s performance against other foreign currencies on the last trading day:

The PKR dropped by 0.42 per cent or Rs1.22 against the Euro and closed the last trading day of the week at Rs294.

The rupee shed 80.53 paisa or 0.23 per cent against the British pound and ended the trading session at Rs354.84.

The local currency depreciated 0.05 per cent or 1.95 paisa against the Chinese yuan to end the day at Rs38.29.

PKR’s closing history

December 2: PKR increased 0.03 per cent or 7.65 paisa against the USD in Monday’s interbank session to end the day at Rs277.97 per USD, compared to the previous closing of Rs278.05.

December 3: PKR increased by 10.48 paisa or 0.04 per cent against the US dollar in Tuesday’s interbank session to settle the trade at Rs277.87 per USD, compared to the previous closing of Rs277.97.

December 4: PKR fell 5.41 paisa or 0.02 per cent against the US dollar in Wednesday’s interbank session to settle the trade at Rs277.92 per USD, compared to the previous closing of Rs277.87.

December 5: The PKR fell by 0.01 per cent or 2.17 paisa against the USD to close the day at Rs277.94 per USD, compared to the last closing of Rs277.92.

December 6: PKR dropped by 0.02 per cent or 6.47 paisa against the USD to settle the day at Rs278.01 per USD, compared to the last closing of Rs277.94.

Read next: Gold prices lifted by China’s buying, Fed rate cut expectations