Pakistani rupee closes at Rs277.64 against US dollar, Rs362.79 versus Pound

The Pakistani rupee dropped more than two paisa or 0.01 per cent against the US dollar (USD) in Monday’s interbank session to settle the trade at PKR 277.66 per USD, compared to previous closing of Rs277.64.

During the day, the Pakistani currency saw an intraday high of Rs277.75 and low of Rs277.50.

Speaking of the open market, local exchange companies quoted greenback value at Rs278 for buying and Rs279.5 for selling.

During the ongoing fiscal year, PKR appreciated against the USD by 68.06 paisa or 0.25 per cent. While the current calendar year has seen PKR appreciate by Rs4.2 or somewhat around 1.5 per cent.

In comparison to major foreign currencies, the home unit gained 47.48 paisa against the Euro, closing at 303.47 compared to the previous value of 303.94 on the last trading day (Friday).

Dirham in PKR: The UAE Dirham surged in value by 0.41 paisa from 75.59 a day ago to 75.59.

Pound in PKR: The British Pound was seen in red as it became cheaper by 26.18 paisa closing at 362.79 compared to 363.05 from a day ago.

Franc in PKR: The Swiss franc saw losses of 93.52 paisa, closing at 323.12 compared to 324.06 from the previous session.

Yen in PKR: Against the Japanese Yen, PKR gained 0.6 paisa, closing at 1.8589 versus 1.8649 a day ago.

Yuan in PKR: The Chinese Yuan lost 6.62 paisa, closing at 39.22 against 39.28 from the previous session.

Saudi Riyal in PKR: Lastly, the Saudi currency ended at 73.94 with gaining 0.41 paisa in its previous value of 73.94.