Pakistani Rupee slightly improved upon yesterday by gaining 3 paisasagainst the US Dollar today, after yesterday’s gain of 29 paisas. Thebeginning of the week saw PKR deteriorate against USD. However, PKR turnedits tide on Thursday.

PKR closed at Rs. 160.13 on Friday as compared to Rs. 160.16 on Thursday,which was up from Rs. 160.46 on Wednesday. Before this, the Pakistani Rupeelost 64 paisas against USD on Wednesday and 39 paisas on Tuesday afterposting a negligible gain of 4 paisas on the opening day of the week.——————————

According to the data shared by the financial analytics platform CapitalStake, PKR remained volatile for the better part of the past two weeks.From last week’s closing (Friday, November 27) loss of 12 percent, PKRmaintained average improvement until 2 percent gain at this week’s closing(today).

Overall, the current week saw volatility in PKR’s exchange rate to thedollar, with Monday (November 30) seeing negligible improvement followed bynotable losses on Tuesday and Wednesday, before moderate recovery againtowards the end of the week.

The data by the platform also showed that PKR lost a total of 71 paisas, or45 percent, against USD over the past four weeks, while it posted a loss of67 paisas, or 42 percent, during the first week of December. Comparing tothe beginning of the year in concern, however, PKR is 4.93 percent strongerthan the USD.