KARACHI: August 11, 2023: After a short-lived gain, the rupee lost massively in the first session on Friday. USD made a gain of over Rs 2 against the rupee in the open currency market. The rupee had made some gain the other day, but it proved a short- lived as USD again jumped to the driving seat again with the start of the first session today.
The data released today by All Pakistan Currency Dealers Association (APCDA) said in the open market USD-PKR parity moved up to Rs 294.50 (buying) and Rs 296.50 (selling) against last day’s closing rate of Rs 291.75 (buying) and Rs 294.75 (selling) respectively .
In interbank, USD remained comparatively less bullish as it made a meagre gain of Rs 0.25 only and it’s trading at Rs 287.50 (buying) and Rs 288.00 (selling) against the last day’s closing rates of Rs 287.25 (buying) and Rs 287.75 (selling) respectively.
Other major currencies also showed upward trend at the closing of the first trading session today. At the end of the first session, Saudi Riyal was trading today at Rs 78.00 (buying) and Rs 78.80 (selling). UAE dirham is valuing at Rs 81.20 (buying) and Rs 82,00 (selling) respectively.
Euro is trading at Rs 322.00 (buying) and Rs 325.20 (selling) respectively. UK pound sterling is trading at Rs 372.00 (buying) and Rs 375.70 (selling) and AUD valued today at Rs 200.00 (buying) and Rs 203.00 (selling). CAD was trading at Rs 220.00 (buying) and Rs 223.00 (selling) respectively. Chinese Yen was trading at Rs 43.00 (buying) and Rs 45.00 (selling) respectively.