KARACHI: August 4, 2023: The rupee made a gain of Rs 1.50 to settle at Rs 287 in interbank today which put an end to USD dominance at least for Friday– the last working day of the current week.
With the rupee gain of Rs 1.50, USD settled down to Rs 287.00 against its last day’ s rate of Rs 288.50.
In open market the rupee made comparatively less gain and it pushed USD-PKR parity down to Rs 289.00 (buying) and 292.00 (selling), showing depreciation of USD by Rs 0.50 at the end of the first session on Friday.
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 upward trend in the local currency market today. Saudi Riyal is trading at Rs 77.20 (buying) and Rs 78.00 (selling)respectively. UAE dirham is trading at Rs 80.20 (buying) and Rs 81.00 (selling).
EURO is trading at Rs 315.80 (buying) and Rs 319.00 (selling) respectively. Pound Sterling rate in local currency market today is Rs 366.30 (buying) and Rs 370.00 (selling). AUD is trading at Rs 190.00 (buying) and Rs 195.00 (selling). CAD is trading at Rs 216.00 (buying) and Rs 220.00 (selling). Chinese Yuan is trading at Rs 42.00 (buying) and Rs 44.00 (selling) respectively.
