The Pakistani rupee (PKR) ended Monday in the red, posting losses against the US Dollar, British Pound, and most other leading currencies in both the interbank and open markets.
Throughout the day, the interbank rate hovered between 282 and 283 per US Dollar before settling at 281.97 by the close, reflecting a 0.03 percent day-on-day (DoD) depreciation after a brief nine-paisa gain. Open market rates remained steady at 283-284 per dollar across various currency counters.
The rupee also weakened against the British Pound, closing at 382.7 after a 0.66 percent decline. Losses were recorded against all other major currencies, with the PKR dropping two paisas each against the UAE Dirham (AED) and Saudi Riyal (SAR), and Rs. 1.76 against the Canadian Dollar (CAD). The rupee also lost Rs. 1.60 against the Euro (EUR) and Rs. 2.52 against the British Pound (GBP).
The only bright spot was a gain of Rs. 1.73 against the Australian Dollar (AUD) in the interbank market.
On a fiscal year-to-date (FYTD) basis, the PKR has depreciated by 1.33 percent against the US Dollar, reflecting ongoing pressure on the local currency amid broader economic challenges
