PKR extends gains against USD

Mettis Global reported that the rupee finished Wednesday’s interbank trading at Rs276.77 per US dollar, up 2.86 paisa from the prior close of Rs276.80. The dollar’s interbank bid reached Rs276.80 during the session, while the lowest ask was Rs276.70. Currency dealers in the open market listed buying at Rs277.25 and selling at Rs279.75.

The rupee also rose against the euro, pound, Swiss franc, yen and UAE dirham, while it slipped slightly versus the yuan and Saudi riyal. Its gain against the dollar since the fiscal year began stood at Rs1.39, or 0.50%, and the calendar-year increase was Rs3.35, or 1.21%. Six-month KIBOR bid and offer rates each edged up by one basis point, reaching 12.21% and 12.46%, respectively.