Pakistani Rupee posted a loss of only 1 paisa against the US Dollar in theinterbank market today, after losing 18 and 15 paisas on Monday andTuesday, respectively.

PKR closed at 160.48 on Wednesday (December 9) as compared to Rs. 160.47 onTuesday.——————————

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The last two weeks have seen volatility in the PKR-USD parity. However,since the beginning of the current week, PKR has been nominally losing.Nevertheless, this change has not come as a surprise to analysts whopredicted such trends in PKR’s exchange rate to the dollar.

The demand for the dollar is there as importers are coming to the market tomeet their payment obligations.

On the side of other major currencies, PKR posted almost a whole rupee lossagainst the GBP, with a loss of 95 paisas. The beginning of the currentweek has seen PKR deteriorate against most major currencies, albeit at adifferent pace from day-to-day. Today, the loss for PKR against the Eurowas minimal, 3 paisas, but it lost 47 paisas to the Australian Dollar.Against Saudi Riyal and UAE Dirham, PKR was able to somewhat maintain itsposition.