Exchange rates: PKR closes at Rs277.64 against US dollar, Rs368.97 versus Pound

The Pakistani rupee (PKR), on the third trading day of the week, gained almost five paisa versus the US dollar (USD).

PKR ended the session at Rs277.64 against the USD.

The latest exchange rate released by the State Bank of Pakistan (SBP) shows PKR about 0.2 per cent up as compared to the last closing of Rs277.69, which was reported on Tuesday.

During the trading session, the home unit remained stable as it saw an intraday high of Rs277.7 with the lowest level reported at Rs277.6.

Exchange companies in the country were buying USD for Rs278.5 and selling for Rs280.

Here is how the PKR performed against other foreign currencies:

The Saudi Riyal closed today at Rs73.97 losing more than four paisas from its previous rate of Rs74.02.

The British Pound decreased by Rs1.43, clocking in at Rs368.97, compared to Rs370.39 from a day ago.

The rupee surged Rs1.32 versus Euro, ending at Rs307.32 as opposed to the Tuesday’s rate of Rs308.64.

The UAE Dirham declined by only 1.35 paisa from Rs75.59 to Rs75.6.  

The Chinese Yuan also witnessed very minor loss of 0.71 paisa, closing at Rs39.56 against Rs39.57.

Swiss franc climbed 79.37 paisa, closing Wednesday at Rs328.35 compared to its last close of Rs327.56.

Against the Japanese Yen, rupee shed 0.17 paisa, closing at Rs1.927 versus Rs1.926.

Interestingly, Pakistani currency has remained stable for months against the US dollar as it has gained only 70.38 paisa or 0.25 per cent in the ongoing fiscal year.   

The calendar year has also seen minimal changes USD to PKR rates as the home unit has appreciated by only Rs4.22.