Pakistani Rupee posted a gain of 19 paisas against the US Dollar today.This shift came after a loss of 18 paisas, 15 paisas, and 1 paisa onMonday, Tuesday, and Wednesday, respectively.

PKR closed at 160.28 on Thursday (December 10) as compared to 160.48 onWednesday (December 9).

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 US Dollar.——————————

The demand for the US Dollar is there as importers are coming to the marketto meet their payment obligations.

On the side of other major currencies, PKR also posted a turn against GBP.After almost a whole rupee loss against the GBP on Wednesday, PKR gainedRs. 1.7 on Thursday. The beginning of the current week has seen PKRdeteriorate against most major currencies, albeit at a different pace fromday-to-day. Today, the loss for PKR against the Euro was 66 paisas, but itgained 18 paisas to the Canadian Dollar. Against Saudi Riyal and UAEDirham, PKR lost 5 paisas each.