PKR gains 6 paisa per USD

March 19, 2025 (MLN): The Pakistani rupee (PKR) appreciated by 6.15 paisa or 0.02% against the US dollar in Wednesday's interbank session to settle the trade at PKR 280.21 per USD, compared to previous closing of 280.27.

Throughout the day, the currency saw an intraday high (bid) of 280.30 and a low (ask) of 280.20.

In the open market, exchange companies quoted the dollar at 280.50 for buying and 282.10 for selling.

In comparison to major currencies, PKR strengthened 1.41 rupees or 0.46% against the Euro, closing at 305.22 compared to the previous value of 306.63.

Against the British Pound, PKR rose by 78.06 paisa or 0.21% to 363.43 compared to 364.21 a day ago.

The local unit deteriorated 94.62 paisa or 0.30% against Swiss franc to close at 319.40.

Against the Japanese Yen, PKR's value decreased 0.77 paisa or 0.41% to close the session at 1.8775 versus 1.8698 a day ago.

Pakistani Rupee strengthened 7.31 paisa or 0.19% against Chinese Yuan to close at 38.72 from 38.79.

The local currency gained by 2.04 paisa or 0.03% against Saudi Riyal to 74.71. While it strengthened by 2.30 paisa or 0.03% against the U.A.E Dirham to close at 76.29.

During the current fiscal year, PKR has weakened against the US Dollar by 1.87 rupees or 0.67%. While it has weakened 1.66 rupees or 0.59% so far this calendar year.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched up by 1bps to 11.78% and 12.03%.

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