PKR gains 3 paisa against USD

According to Mettis Global, the rupee firmed 3.08 paisa against the greenback during Friday's interbank trading, ending at Rs277.07 per dollar. The previous close stood at Rs277.10. Trading ranged between Rs277.05 for the ask and Rs277.10 for the bid.

Against other major currencies, the rupee's performance was mixed. Against the euro, it added Rs1.23, or 0.39 per cent, to close at Rs311.61. Against the pound, the rupee rose 45.64 paisa, or 0.12 per cent, to Rs365.86. Against the Swiss franc, it lost Rs2.76, or 0.83 per cent, ending at Rs334.32.

Exchange companies in the open market quoted the dollar at Rs277.50 for buying and Rs280.00 for selling. So far this fiscal year, the rupee has appreciated Rs1.09, or 0.39 per cent, against the dollar. Gains since the calendar year began total Rs3.05, or 1.10 per cent. In the money market, the six-month KIBOR climbed 9 basis points, with bid and offer rates at 12.10 per cent and 12.35 per cent.