KARACHI: The Pakistani rupee (PKR) experienced a marginal decline of 0.01% against the US dollar (USD) in the inter-bank market on Thursday, trading at 278.47 per USD. This represents a slight decrease of Re0.02 from the previous day’s (Wednesday) close of 278.45.
In other currency movements, the Swiss franc appreciated significantly, gaining Rs1.91 to close at 330.25. The British pound also strengthened, rising by 86.64 paise to end the day at 368.46.
Meanwhile, the Chinese yuan and Saudi riyal saw modest gains, closing at 39.06 and 74.21, respectively.
In contrast, the euro weakened against the PKR, with the rupee gaining 14.84 paise to close at 310.72. The UAE dirham edged up by 3.51 paisa, ending the day at 75.78, while the Japanese yen gained 0.64 paisa against the rupee, closing at 1.9261.
The PKR has remained relatively stable in recent months, fluctuating within the 277-279 range, as market participants closely monitor developments related to the IMF’s approval of a new $7-billion Extended Fund Facility.
Pakistani Rupee’s Previous Position Against Major Currencies
| Currency | Change | Wednesday’s rate | Tuesday’s rate |
| Euro | -14.84 paisa | 310.72 | 310.87 |
| British Pound | +86.64 paisa | 368.46 | 367.59 |
| Swiss Franc | +1.91 rupees | 330.25 | 328.34 |
| Japanese Yen | +0.64 paisa | 1.9261 | 1.9197 |
| Chinese Yuan | +3.12 paisa | 39.06 | 39.03 |
| Saudi Riyal | +3.03 paisa | 74.21 | 74.18 |
| UAE Dirham | +3.51 paisa | 75.81 | 75.78 |
