On Thursday, the Pakistani Rupee (PKR) experienced a slight gain of 5 paisa against the US Dollar (USD) in interbank trading, closing at Rs. 280.21 compared to the previous day’s closing of Rs. 280.26. This uptick followed a more significant appreciation on Wednesday, during which the PKR rose by 16 paisa, breaking a four-day losing streak.
Key Exchange Rate Movements:
- US Dollar (USD): Closed at Rs. 280.21, up from Rs. 280.26.
- Euro (EUR): Decreased by 78 paisa, closing at Rs. 301.61, down from Rs. 302.39.
- Japanese Yen (JPY): Remained unchanged, closing at Rs. 1.86.
- British Pound (GBP): Decreased by 1 paisa, trading at Rs. 361.81, compared to Rs. 361.82 the previous day.
- Emirates Dirham (AED): Fell by 1 paisa, closing at Rs. 76.29.
- Saudi Riyal (SAR): Also decreased by 1 paisa, settling at Rs. 74.69.
These fluctuations reflect ongoing trends in the currency market, influenced by factors such as economic conditions, market sentiment, and international trade dynamics. The PKR’s slight recovery against the USD may signal cautious optimism among traders following the recent volatility.
