The Pakistani rupee depreciated against the US dollar for the fifth consecutive day on the interbank market, commencing trading at 277.
The rupee exhibited resilience at 11:30 AM, when it was trading at 277 per dollar, an increase of about Rs. 3.
The interbank rate, however, decreased to approximately 280 between 1:30 and 2:30 pm before stabilising for the remainder of the day. Over the course of the day, open market rates varied between 277 and 281.
The Pakistani Rupee depreciated by 0.17 percent against the US Dollar by day’s end, closing at 280.57 after a loss of 48 paisas.
The rupee has now concluded five consecutive days in the negative.
The disparity between interbank and open market rates has decreased by Rs. 61 since September 4, with a minimum of 277 and a fleeting maximum of 281 on the same day.
|Time of Day||PKR to USD Rate|
The Pakistani Rupee experienced a further depreciation against other prominent currencies on the interbank market today. Specifically, it fell 13 paisas against the Saudi Riyal (SAR) and the UAE Dirham (AED).
Additionally, it experienced a depreciation of Rs 1.31 vis-à-vis the Australian Dollar (AUD), Rs 1.21 vis-à-vis the British Pound (GBP), and 64 vis-à-vis the Euro (EUR).