The Pakistani rupee (PKR) weakened by 5.77 paisa, or 0.02 per cent, against the US dollar (USD) in Thursday’s interbank market, closing at Rs277.85 per USD.
This was a slight drop from Wednesday’s close of Rs277.79.
In the open market, exchange companies quoted the dollar at Rs276.84 for buying and Rs278.72 for selling.
During the day, the local unit touched a high of Rs277.90 and a low of Rs277.80 against the greenback.
It is worth noting that since the start of the fiscal year, the PKR has appreciated by 49.12 paisa, or 0.18 per cent, against the US dollar. For the calendar year, it has strengthened by Rs4.01, or 1.44 per cent.
PKR’s performance against other foreign currencies
| Currency | Thursday’s rate | Wednesday’s rate | Change |
| US Dollar (USD) | Rs277.85 | Rs277.79 | 5.77 paisa (-0.02%) |
| British Pound (GBP) | Rs361.02 | Rs361.34 | 31.39 paisa (+0.09%) |
| Japanese Yen (JPY) | Rs1.8260 | Rs1.8126 | 1.34 paisa (-0.74%) |
| Saudi Riyal (SAR) | Rs73.98 | Rs73.97 | 1.34 paisa (-0.02%) |
| UAE Dirham (AED) | Rs75.65 | Rs75.63 | 1.57 paisa (-0.02%) |
| Euro (EUR) | Rs301.69 | Rs300.72 | 96.55 paisa (-0.32%) |
| Chinese Yuan (CNY) | Rs39.03 | Rs38.99 | 3.68 paisa (-0.09%) |
| Swiss Franc (CHF) | Rs321.12 | Rs320.24 | 88.10 paisa (-0.28%) |
Against the British Pound, the PKR gained 31.39 paisa, or 0.09 per cent, closing at Rs361.02, up from Rs361.34 the previous day.
Against the Japanese Yen, the PKR dropped 1.34 paisa, or 0.74 per cent, ending the session at Rs1.8260, down from Rs1.8126.
The rupee also weakened by 1.34 paisa, or 0.02 per cent, against the Saudi Riyal, closing at Rs73.98, and by 1.57 paisa, or 0.02 per cent, against the UAE Dirham, finishing at Rs75.65.
Against the Euro, the PKR decreased by 96.55 paisa, or 0.32 per cent, closing at Rs301.69, down from Rs300.72.
The rupee lost 3.68 paisa, or 0.09 per cent, against the Chinese Yuan, finishing at Rs39.03.
The local currency also declined by 88.10 paisa, or 0.28 per cent, against the Swiss Franc, closing at Rs321.12.
PKR’s closing on Wednesday
A day earlier, on Wednesday, the rupee had weakened by 5 paisa, or 0.02 per cent, against the US dollar settling at Rs277.79.
It fell by 94 paisa, or 0.26 per cent, against the British Pound, closing at Rs361.34.
The rupee gained 38.59 paisa, or 0.12 per cent, against the Swiss Franc, ending at Rs320.24.
Against the Japanese Yen, the rupee strengthened slightly, closing at Rs1.8126.
The PKR dropped by 1.33 paisa, or 0.02 per cent, against the Saudi Riyal, closing at Rs73.97, and fell by 1.36 paisa, or 0.02 per cent, against the UAE Dirham, closing at Rs75.63.
Against the Euro, the rupee dropped by 48.46 paisa, or 0.16 per cent, closing at Rs300.72.
The PKR also depreciated by 9.60 paisa, or 0.25 per cent, against the Chinese Yuan, closing at Rs38.99.
