PKR loses 12 paisa against USD

November 11, 2024 (MLN): The Pakistani rupee (PKR) decreased by 12.36 paisa or 0.04% against the US dollar in Monday's interbank session to settle the trade at PKR 277.86 per USD, compared to previous closing of 277.74.

Throughout the day, the currency saw an intraday high (bid) of 277.90 and a low (ask) of 277.80.

In the open market, exchange companies quoted the dollar at 276.83 for buying and 278.74 for selling.

In comparison to major currencies, PKR appreciated 1.92 rupees or 0.64% against the Euro, closing at 297.02 compared to the previous value of 298.94.

Against the British Pound, PKR gained by 1.29 rupees or 0.36% to 358.26 compared to 359.55 a day ago.

The local unit strengthened 1.45 rupees or 0.46% against Swiss franc to close at 316.45.

Against the Japanese Yen, PKR's value increased 1.24 paisa or 0.68% to close the session at 1.8076 versus 1.8200 a day ago.

Pakistani Rupee appreciated 12.72 paisa or 0.33% against Chinese Yuan to close at 38.66 from 38.79.

The local currency deteriorated by 3.68 paisa or 0.05% against Saudi Riyal to 73.98. While it deteriorated by 3.47 paisa or 0.05% against the U.A.E Dirham to close at 75.65.

During the current fiscal year, PKR has strengthened against the US Dollar by 48.02 paisa or 0.17%. While it has increased 4.00 rupees or 1.44% so far this calendar year.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched up by 4 bps to 13.09% and 13.34%.

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