Today, the Pakistani rupee saw losses vs the US dollar, starting the interbank market at 281.

Although it was negative vs the US dollar, it was able to remain within the 279–280 range against the US dollar during today’s intraday trading.

Before closing at 279, the interbank rate hovered around 280 for the majority of the day. Today’s open market rates were between 279 and 281, according to many currency counters.

The PKR dropped 22 paisas and lost 0.08 percent of its value versus the US dollar today, closing at 279.57.

Read More: SBP Reserves up Marginally to $8.05 Billion

Thus far this fiscal year, the rupee has appreciated by 2.29 percent.

The rupee has decreased overall since January 2023 by around Rs. 60. It has decreased by more than Rs. 107 versus the US dollar since April 2022. The PKR lost 22 paisas today based on the changes in exchange rates that were observed today.

Pakistan’s Real Effective Exchange Rate (REER) rose by 2.9 percentage points to 101.7 in January 2024, marking a significant development.

Pakistan today’s interbank currency market, it won two paisas against the Euro (EUR), 14 paisas against the Australian Dollar (AUD), 32 paisas against the Canadian Dollar (CAD), and 75 paisas against the British Pound (GBP).

Read More: Massive Change of Pak Rupee Against British Pound – Here Are New Rates

In today’s interbank market, the PKR was weaker than some of the other major currencies. It was down five paisas versus the UAE Dirham (AED) and the Saudi Riyal (SAR).

In today’s interbank currency market, it won two paisas against the Euro (EUR), 14 paisas against the Australian Dollar (AUD), 32 paisas against the Canadian Dollar (CAD), and 75 paisas against the British Pound (GBP).

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