The Pakistani rupee (PKR) edged down by 5.69 paisa, or 0.02 per cent, against the US dollar (USD) in Tuesday’s interbank market, closing the day at PKR 278.70 per USD, slightly lower than the previous close of 278.64.
Throughout the day, the currency exhibited minimal movement, with an intraday high of 278.90 and a low of 278.65.
In the open market, exchange companies quoted the dollar at PKR 278.97 for buying and PKR 279.75 for selling, according to forex dealers.
The PKR’s performance against other major currencies was mixed on Tuesday:
| Currency | Previous Rate | Today’s Rate | Change |
| Chinese Yuan | 39.20 | 39.16 | 3.91 paisa |
| British Pound | 366.10 | 365.72 | 37.11 paisa |
| Euro | 308.44 | 308.19 | 25.75 paisa |
| Saudi Riyal | 74.25 | 74.27 | 1.32 paisa |
| Swiss Franc | 328.10 | 326.67 | 1.43 rupees |
| Japanese Yen | 1.9019 | 1.9091 | 0.72 paisa |
| UAE Dirham | 75.88 | 75.86 | 1.55 paisa |
– The Chinese Yuan fell by 3.91 paisa, closing at 39.16 from the previous session’s 39.20.
– The British Pound declined by 37.11 paisa, ending at 365.72 compared to 366.10 the day before.
– The PKR gained 25.75 paisa against the Euro, closing at 308.19 from 308.44.
– The Saudi Riyal strengthened by 1.32 paisa, closing at 74.27 from 74.25.
– The Swiss Franc dropped by 1.43 rupees, closing at 326.67 compared to 328.10 previously.
– Against the Japanese Yen, the PKR slipped by 0.72 paisa, ending at 1.9091 versus 1.9019.
– The U.A.E Dirham saw a slight increase of 1.55 paisa, closing at 75.86 from 75.88.
So far this financial year, the PKR has depreciated against the dollar by 35.88 paisa, or 0.13 per cent. However, on a calendar-year basis, the rupee has appreciated by 3.16 rupees, or 1.13 per cent.
