PKR holds largely flat against USD

The rupee edged up by 0.82 paisa against the US dollar in Tuesday’s interbank trading, ending at PKR 276.71, Mettis Global reported. The dollar had closed at PKR 276.72 in the previous session, while exchange companies listed buying and selling rates of PKR 277.25 and PKR 279.75 in the open market.

The currency showed mixed performance against other units: it gained 0.13% against the Euro to PKR 309.78 and 0.07% against the British Pound to PKR 371.24, but lost Rs1.52 against the Swiss Franc, closing at PKR 338.72. It also strengthened against the Japanese Yen, Chinese Yuan, Saudi Riyal and UAE Dirham. The rupee’s gain against the dollar since the start of the fiscal year reached Rs1.45, or 0.52%, while six-month KIBOR bid and offer rates each fell by 1 basis point, to 12.42% and 12.67%.