The Pakistani Rupee’s 28-day winning streak against the US Dollar has come to an end. The latest exchange rate reflects a depreciation of the Rupee against the Dollar. This shift marks a significant change in the currency market after a prolonged period of Rupee strength.
Exchange rates are subject to various factors, including economic conditions, global trade dynamics, and geopolitical events, which can influence currency values. The precise rate fluctuation would depend on these factors and market sentiment.
The Pakistani Rupee (PKR) halted its 28-day appreciation streak against the US Dollar on Tuesday, weakening by 20 paisa. In the interbank session, the Rupee settled at PKR 277.03, compared to the previous day’s closing rate of PKR 276.83.
In the interbank market, the Pakistani Rupee (PKR) displayed an intraday high (bid) of 277.2 PKR against the US Dollar and a low (ask) of 275.75 PKR. This reflects the volatility in currency trading throughout the day. However, in the open market, the PKR remained relatively stable. Exchange companies were quoting the buying rate for the US Dollar at 274 PKR and the selling rate at 277 PKR
