Pakistani Rupee Shows Recovery Against US Dollar and Major Currencies
Posted on December 10, 2024 by News Desk

The Pakistani Rupee (PKR) has made a notable recovery in today’s interbank market, ending the three-day losing streak from last week. Opening at 279 PKR/USD, the rupee remained stable throughout the day and closed in the green, showcasing gains against major international currencies.
Key Highlights from Today’s Trading Session
- Interbank Exchange Rate:
The PKR began trading at 279 PKR/USD, remained stable at 278 PKR/USD for most of the session, and closed slightly higher at 277.97 PKR/USD, reflecting a gain of 0.01%. - Open Market Rates:
Open market rates hovered between 277 and 279 PKR/USD, showing stability. - Year-to-Date Performance:
On a fiscal year-to-date basis, the rupee has appreciated by 0.12%, signaling positive movement amid economic pressures.
Performance Against Other Major Currencies
The PKR showed strength in the interbank market, appreciating against several major currencies:
- Saudi Riyal (SAR) and UAE Dirham (AED): Stable
- Canadian Dollar (CAD): Gained Rs. 1.76
- Euro (EUR): Gained 53 paisas
- British Pound (GBP): Gained 1 paisa
- Australian Dollar (AUD): Gained 5 paisas
Economic Implications
The rupee’s recovery comes as a relief amid ongoing economic challenges, offering a glimmer of stability. It also indicates positive sentiment and stronger market confidence.
Stay updated with the latest financial and economic news by visiting Brides and You.