PKR adds 3 paisa against USD, closes at 276.72

The Pakistani rupee ended Monday, November 2, at Rs276.72 per US dollar in the interbank market, gaining 3.03 paisa from the previous close of Rs276.75, Mettis Global reported. Within the session, the dollar’s bid reached Rs276.80 while its lowest ask was Rs276.70; exchange companies quoted it at Rs277.30 to buy and Rs280.00 to sell.

Movements against other currencies were mixed. The rupee weakened to Rs310.18 against the euro, Rs371.51 against the British pound, Rs337.20 against the Swiss franc and Rs41.64 against the Chinese yuan, while it strengthened against the Japanese yen, Saudi riyal and UAE dirham. Since the fiscal year began, it has risen Rs1.44, or 0.52%, against the dollar, and its calendar-year gain stands at Rs3.40, or 1.23%. Six-month KIBOR rates also increased by 2 basis points, reaching 12.43% and 12.68%.