KARACHI: August 9, 2023: After losing to USD and other major currencies, the rupee bounced back on Wednesday. The open currency market started to earn stability in the second session of Tuesday. The rupee maintained its last day’s position to stop USD dominance for at least today. In the first two sessions of the current week, US dollar had appreciated by Rs 5 in the open market.
The data released today by All Pakistan Currency Dealers Association (APCDA), in the open market today USD-PKR parity remained stable at Rs 292 (buying) and Rs 295 (selling) against last day’s closing rate of Rs 293 (buying) and Rs 296 (selling) respectively . In interbank, USD is losing its ground and it traded at Rs 286.95 (buying) and Rs 288.25 (selling) against the last day’s closing rates of Rs 287.00 (buying) and Rs 287.60 (selling) respectively.
Other major currencies are also showing upward trend for the last couple of days. Saudi Riyal is trading today at Rs 77.50 (buying) and Rs 78.50 (selling). UAE dirham is valuing at Rs 81070 (buying) and Rs 82,00 (selling) respectively. Euro is trading at Rs 319.80 (buying) and Rs 323.00 (selling) respectively. UK pound sterling is trading at Rs 271.30 (buying) and Rs 375.00 (selling) and AUD value today is Rs 198.00 (buying) and Rs 201.00 (selling) and CAD is trading at Rs 218.00 (buying) and Rs 221.00 (selling) respectively. Chinese Yen is trading at Rs 42.00 (buying) and Rs 44.00 (selling) respectively.