PKR maintains 275-session winning run, closes at 276.7

The Pakistani rupee added 0.97 paisa against the US dollar on Wednesday, closing at Rs276.70 in the interbank market, Mettis Global reported. The move extended its run of consecutive session gains to 275, with cumulative appreciation of Rs4.7210, or 1.71%. In the open market, exchange companies quoted the dollar at Rs277.30 for buying and Rs280 for selling.

The rupee’s performance against other currencies was mixed: it weakened against the euro, pound and Swiss franc, but advanced against the Japanese yen, Chinese yuan, Saudi riyal and UAE dirham. Since the start of the fiscal year, it has gained Rs1.46, or 0.53%, against the dollar; its calendar-year rise is Rs3.42, or 1.24%. The six-month KIBOR remained at 12.42% for bids and 12.67% for offers.