The Pakistani rupee showed a slight gain against the US dollar in the inter-bank market, closing at 281.10 rupees per dollar, up by 0.01 rupees from the previous session. According to the State Bank of Pakistan, the local currency had settled at 281.11 rupees on Thursday. In the open market, exchange companies quoted the dollar at 281.15 rupees for buying and 282.15 rupees for selling.
Against other major currencies, the rupee experienced mixed movements. It depreciated by 1.46 rupees or 0.45 percent against the euro, closing at 329.10 rupees compared to 327.64 rupees the previous day. Against the British pound, the rupee appreciated by 28.33 paisa or 0.08 percent, settling at 377.36 rupees from 377.65 rupees. The local currency weakened by 3.29 rupees or 0.93 percent against the Swiss franc, ending the session at 356.05 rupees. Against the Japanese yen, the rupee’s value dropped by 1.81 paisa or 0.97 percent to close at 1.8781 rupees versus 1.8600 rupees previously.
The rupee also appreciated by 0.75 paisa or 0.02 percent against the Chinese yuan, closing at 39.45 rupees. It gained 0.32 paisa or 0.00 percent against the Saudi riyal to settle at 74.95 rupees, and strengthened by 0.22 paisa or 0.00 percent against the UAE dirham, closing at 76.53 rupees.
In the current fiscal year, the rupee has appreciated by 2.66 rupees or 0.95 percent against the US dollar, while since the start of the calendar year, it has weakened by 2.55 rupees or 0.91 percent.