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Dollar eases again following a 2-day rise against Rupee

08:21 PM | 20 Oct, 2023
Dollar eases again following a 2-day rise against Rupee
Source: File Photo

KARACHI – The Pakistani rupee maintained its upward momentum against the US dollar, In inter bank, Dollar depreciated by Rs1.48 at closing of trading after which dollar rate is 278 rupees 81 paise at the closing today.

In the open market, the price of the dollar also depreciated by one rupee, after which the dollar is worth 280 rupees.

Yesterday, the dollar increased by 3 rupees 26 paisa in the interbank, after which the it costed 280 rupees 29 paisa.

Earlier this week, PKR staged a recovery against the greenback, as it appreciated after brief drop on Wednesday.

Meanwhile, Pakistan’s current account deficit moved down to $8 million in September 2023 as compared to the current account deficit of $360 million in the same month in 2022.

In early September, Pakistani rupee touched its all time low of Rs307, but the stern measures and massive crackdown brought local currency on track and it witnessed the longest appreciation runs in recent times.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 29 Feb 2024

Pakistani rupee remains stable against US dollar in the open market on February 29, 2024 (Thursday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.1 for buying and 282.35 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 352 for buying, and 355.5 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 74.3.

Today’s currency exchange rates in Pakistan - 29 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.1 282.35
Euro EUR 303 306
UK Pound Sterling GBP 352 355.5
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.3 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.11 751.11
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.69 41.09
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 907.32 916.32
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36 26.66
Omani Riyal OMR 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317.76 320.26
Thai Bhat THB 7.76 7.91

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