KARACHI: June13,2023 The rupee strengthen its position vis-a-vis US currency on Tuesday.
US dollar was continuously appreciating against the rupee in in open market in the last week. However, after commitment of top government authorities of meeting Pakistan’s payments obligations with or without the International Monetary Fund (IMF) bailout package, the local currency rebounded to stop dominance of US currency.
On Tuesday, the rupee-USD parity remained at Rs 298.00 (selling) and Rs 301.00 (buying) in open market today. On Monday, US dollar had closed at Rs 301(selling) and Rs 304 (buying) respectively.
In interbank, US dollar rate in interbank today stands at Rs 287.50 (buying) and Rs 288.00 (selling).
Other major currencies rates in Pakistan as follows. Saudi Riyal is trading at Rs 79.20 (buying) and Rs 80.00 (selling). UAE is trading at Rs 81.00 and Rs 81.80. Euro rate is trading at Rs 320.00 (buying) and Rs 323.20 (selling). Pound Sterling is trading at Rs 370.00 (buying) and 373.70 (selling).
AUD rate in local currency market is Rs 198.00 (buying) and Rs 201.00 (selling) respectively. CAD rate today in local market is R 220.00 (buying) and Rs 223.00 (selling). Chinese Yen rate is Rs 46.00 (buying) and Rs 47.00 (selling) respectively.
Afghan currency is performing even better than the rupee. Afghan rupee is trading at Rs 3.30 (buying) and Rs 3.70 (selling) respectively.