PKR gains, USD falls to Rs276.62

November 11, 2026 (MLN): The Pakistani rupee (PKR) strengthened against the US dollar in the interbank market on Wednesday, gaining 3.08 paisa to close at PKR 276.62 compared to the previous session's closing of PKR 276.65.

During the session, the local currency recorded an intraday high (bid) and low (ask) of PKR 276.75.

In the open market, exchange companies quoted the dollar at PKR 277.00 for buying and PKR 279.50 for selling.

Against other major currencies, the rupee posted broad-based gains, appreciating by Rs2.68 or 0.86% against the euro to close at PKR 308.28 compared to PKR 310.96 in the previous session.

Similarly, the local unit gained Rs3.64 or 0.98% against the British pound, settling at PKR 368.51 from PKR 372.15 a day earlier.

The rupee also appreciated by Rs4.18 or 1.24% against the Swiss franc to close at PKR 333.98.

Against the Japanese yen, the PKR strengthened by 1.03 paisa or 0.59% to settle at PKR 1.7407 compared to PKR 1.7510 in the previous session.

The local currency gained 1.46 paisa or 0.04% against the Chinese yuan, closing at PKR 41.47 compared to PKR 41.49 previously.

Meanwhile, the rupee weakened marginally by 0.26 paisa against the Saudi riyal to close at PKR 73.71. Against the UAE dirham, it appreciated by 1.76 paisa to settle at PKR 75.31.

Cumulatively, the rupee has appreciated by Rs1.54 or 0.56% against the US dollar during the current fiscal year, while its gain so far in the calendar year stands at Rs3.50 or 1.27%.

In the money market, the benchmark six-month Karachi Interbank Bid and Offer (KIBOR) rates declined by 1 basis point each to 12.25% and 12.50%, respectively.

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