Pakistani Rupee lost value against the US dollar in interbank market
Shares
Pakistani Rupee (PKR) has been volatile since the beginning of the current week. On Monday, PKR lost against several major currencies in the interbank market, posted blanket gains against all major currencies on Tuesday, and showed mixed results on Wednesday.
Thursday turned out to be another good day for the Rupee, with improvement seen against all major currencies, but on Friday, once again, the results were mixed for PKR.
Against the US Dollar, however, PKR seems to be holding on to its position. PKR gained 18 paisas against the US Dollar (USD) today, after posting a gain of 25 paisas yesterday, 10 paisas the day before, and 15 paisas on Tuesday, which came after a loss of 4 paisas on the opening day of the week.
PKR closed at Rs. 160.10 to the USD on Friday (29 January) compared to Rs. 160.28 on Thursday, which was an improvement on Rs. 160.79 on Monday. ------------------------------
------------------------------
Against other major currencies, PKR posted notable gains on Monday but reversed many of those gains on Wednesday. Yesterday, PKR managed to fling towards improvement once again, with blanket gains against all major currencies in the international market. Today some of those gains were eroded against the GBP and Australian Dollar.
