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Rupee strengthens in interbank, loses ground against dollar in open market

10:05 AM | 20 Sep, 2023
Rupee strengthens in interbank, loses ground against dollar in open market
Source: File Photo

KARACHI – Pakistani rupee continued to gain momentum against the US dollar in the interbank market on Wednesday. 

Data shared by the State Bank of Pakistan (SBP) showed the local currency strengthened by Rs1.02 against the green back to close at Rs293.88 as compared to Tuesday’s Rs294.90.  

However, the situation in the open market was differed as the rupee shed Rs1 against the dollar where it closed at Rs297 after it opened at Rs296. 

On Tuesday, the rupee strengthened against the US dollar for the tenth consecutive session and settled at 294.90.

Meanwhile, Pakistan Stock Exchange (PSX) opened on a positive note but it registered minor decline at the time of closing. 

The KSE-100 index dropped by 20.89 points to settle at 45,889.57 points.

Daily Pakistan Global Web Desk

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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