On Friday, the Pakistani rupee saw a slight improvement against the US dollar, appreciating by 0.04 per cent in the inter-bank market.
The local currency closed at 278.57, a gain of Re0.11 from the previous day’s rate of 278.68, as reported by the State Bank of Pakistan (SBP).
In recent months, the rupee has generally fluctuated between 277 and 279, with traders closely monitoring developments regarding the International Monetary Fund’s (IMF) Executive Board discussions on a new $7 billion Extended Fund Facility (EFF).
Against major currencies, the performance of the Pakistani rupee on the last trading day of the week was as follows:
| Currency | Previous rate | Closing rate | Change |
| British Pound | 366.39 | 367.19 | 80.4 |
| Euro | 308.95 | 309.58 | 63.15 |
| Saudi Riyal | 74.24 | 74.21 | 2.9 |
| UAE Dirham | 75.84 | 75.87 | 3.17 |
| Japanese Yen | 1.9402 | 1.9549 | 1.47 |
| Swiss Franc | 329.15 | 330.82 | 1.67 |
| Chinese Yuan | 39.25 | 39.32 | 6.91 |
– The British Pound increased by 80.4 paisa, ending at 367.19 from 366.39 the previous day.
– The rupee fell by 63.15 paisa against the Euro, closing at 309.58 compared to the previous rate of 308.95.
– The Saudi Riyal declined by 2.9 paisa, ending at 74.21 from 74.24.
– The UAE Dirham decreased by 3.17 paisa, closing at 75.87 compared to 75.84.
– Against the Japanese Yen, the rupee depreciated by 1.47 paisa, closing at 1.9549 compared to 1.9402 the previous day.
– The Swiss Franc gained 1.67 rupees, closing at 330.82 compared to 329.15 the day before.
– The Chinese Yuan saw an increase of 6.91 paisa, closing at 39.32 from 39.25.
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