The Pakistani rupee (PKR) posted a modest gain against the US dollar (USD) in early interbank trade on Monday.
By midday, the local currency was trading at 284.75 against the USD, up by 12 paisa or 0.04 per cent. The improvement followed a week where the rupee had slipped by 41 paisa, settling at 284.87 by Friday, compared to 284.46 a week earlier, according to the State Bank of Pakistan (SBP).
So far in the current fiscal year, the PKR has weakened by Rs1.10 or 0.39 per cent. Since January 2025, it has lost Rs6.32, marking a 2.22 per cent decline against the greenback.
In Friday’s session, the PKR had ended with a slight gain of around 10 paisa, closing at 284.87 versus the USD. However, its performance against other major currencies was mixed.
The rupee firmed slightly against the UAE dirham and Saudi riyal, closing at 77.56 and 75.94 respectively. It also inched up marginally against the Chinese yuan, settling at 39.69.
