The Pakistani rupee (PKR) recorded a marginal decline against the US dollar, depreciating 0.01 per cent in the interbank market on Monday.
According to the State Bank of Pakistan (SBP), PKR wrapped up first trading day of the week at Rs277.68 after experiencing a loss of four paisa versus the greenback.
During the current fiscal year, Pakistani currency has gone up by 66 paisa or 0.24 per cent against the dollar. While it has appreciated more than Rs4 or 1.51 per cent so far this calendar year.
During the previous week, PKR weakened marginally as it depreciated three paisa or 0.01 per cent against the US dollar.
The dollar index has climbed 3.6 per cent to 104.49 during October, its sharpest monthly rise in more than two years.
In the open market, local money exchangers quoted the American currency at Rs278.62 for selling and Rs276.75 for buying.
As compared to other foreign currencies, the home unit remained largely stable despite minor fluctuations.
| Currency | Change (Paisa) | Change (%) | Today’s rate (PKR) | Last close (PKR) |
| Euro | 62.43 | 0.21 per cent | 299.97 | 300.59 |
| Japanese Yen | 1.64 | 0.90 per cent | 1.8105 | 1.8269 |
| British Pound | 14.39 | 0.04 per cent | 360.06 | 360.20 |
| Chinese Yuan | 2.85 | 0.07 per cent | 38.95 | 38.98 |
| Saudi Riyal | 1.82 | 0.02 per cent | 73.94 | 73.96 |
| UAE Dirham | 1.07 | 0.01 per cent | 75.60 | 75.61 |
| Swiss Franc | 36.12 | 0.11 per cent | 320.00 | 320.36 |
Against the Pound, PKR appreciated 14.39 paisa or 0.04 per cent and closed at Rs360.06.
PKR increased 62.43 paisa or 0.21 per cent against the Euro, closing at Rs299.97.
The local unit was reported 36.12 paisa or 0.11 per cent up against Swiss franc to end the session at Rs320.
Pakistani currency fell by 1.07 paisa or 0.01 per cent against the UAE Dirham to close at Rs75.60.
PKR’s value against the Japanese Yen rose 1.64 paisa or 0.90 per cent to close the day at Rs1.8105.
The local unit increased 2.85 paisa or 0.07 per cent against Chinese Yuan to close at Rs38.95.
The local currency shed 1.82 paisa or 0.02 per cent against Saudi Riyal to Rs73.94.
