KARACHI: August 1, 2023: The local currency is showing rare stability as major currencies including USD and Pound sterling are showing no fluctuation in their rates for the last two consecutive sessions.
After taking hit for many consecutive sessions both in interbank and open market, PKR had bounced back early this week when it got considerable value against US dollar.
USD is trading today at Rs 286.50 (buying) and Rs 286.70 (selling) at the closing of the first session today (Tuesday.
In open market US dollar is trading at Rs 288.00 (buying) and Rs 291.00 (selling) respectively.
The data released by All Pakistan Currency Dealers (APCDA) suggests that other major currencies like Saudi Riyal, United Arab Emirate (UAE), Euro, Pound Sterling are also showing downward trend in the local currency market. Saudi Riyal is trading at Rs 76.70 (buying) and Rs 77.50 (selling) respectively. UAE dirham is trading at Rs 78.70 (buying) and Rs 79,50 (selling).
EURO is trading at Rs 317.00 (buying) and Rs 320.20 (selling) respectively. Pound Sterling rate in local currency market today is Rs 370.00 (buying) and Rs 373.00 (selling). AUD is trading at Rs 194.00 (buying) and Rs 198.00 (selling). CAD is trading at Rs 218.00 (buying) and Rs 222.00 (selling). Chinese Yuan is trading at Rs 42.00 (buying) and Rs 44.00 (selling) respectively.