Exchange rates: PKR drops over two paisa against US dollar

The Pakistani rupee (PKR), on second trading day of the week, dropped by 2.78 paisa against the US dollar (USD) in Tuesday’s interbank session to settle the trade at Rs277.67 against the greenback.

Today’s closing takes PKR 0.01 per cent higher compared to Monday’s closing rate of Rs277.64.

PKR, during the trading session, saw an intraday high of Rs277.80 and a low of Rs277.70 per dollar.

Exchange companies were buying the American dollar for Rs278.3 and selling it at Rs279.69.

It is worth mentioning that, in the current financial year, Pakistani currency has gained against the US dollar about 67.11 paisa or 0.24 per cent. The current calendar year has witnessed rupee rise by Rs4.19 or 1.51 per cent.

Here’s a comparison of the closing rates for today and those from the previous session:

As compared to other foreign currencies, PKR lost 72.47 paisa against the Euro, closing at Rs305.2 compared to the Monday’s rate of Rs304.48.

The British Pound became cheaper by 40.78 paisa closing at Rs363.48 compared to Rs363.89 from a day ago.

The Swiss franc saw a gain of Rs1.43, closing at Rs325.12 compared to 323.69 from the previous session.

Against the Japanese Yen, PKR lost 0.8 paisa, closing at Rs1.8807.

The UAE Dirham increased by 1.17 paisa from Rs75.6 a day ago to Rs75.59.

The Chinese Yuan lost 17.39 paisa, closing at Rs39.38.

Lastly, the Saudi Riyal closed at Rs73.94 with a gain of 2.51 paisa from its value of Rs73.92 a day ago.