PKR increases by 5 paisa against USD

January 29, 2025 (MLN): The Pakistani rupee (PKR) strengthened by 5.22 paisa or 0.02% against the US dollar in Wednesday's interbank session to settle the trade at PKR 278.87 per USD, compared to previous closing of 278.93.

Throughout the day, the currency saw an intraday high (bid) of 278.95 and a low (ask) of 278.85.

In the open market, exchange companies quoted the dollar at 279.00 for buying and 281.00 for selling.

In comparison to major currencies, PKR strengthened 47.27 paisa or 0.16% against the Euro, closing at 290.56 compared to the previous value of 291.03.

Against the British Pound, PKR fell by 22.79 paisa or 0.07% to 347.25 compared to 347.02 a day ago.

The local unit fell 18.04 paisa or 0.06% against Swiss franc to close at 308.04.

Against the Japanese Yen, PKR's value decreased 0.36 paisa or 0.20% to close the session at 1.7958 versus 1.7922 a day ago.

Pakistani Rupee strengthened 0.72 paisa or 0.02% against Chinese Yuan to close at 38.46 from 38.47.

The local currency strengthened by 1.49 paisa or 0.02% against Saudi Riyal to 74.35. While it appreciated by 1.43 paisa or 0.02% against the U.A.E Dirham to close at 75.93.

During the current fiscal year, PKR has deteriorated against the US Dollar by 53.16 paisa or 0.19%. While it has deteriorated 32.28 paisa or 0.12% so far this calendar year.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched up by 2bps to 11.46% and 11.71%.

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