PKR gains, USD falls to Rs276.62

Mettis Global reported that the rupee ended Wednesday’s interbank session at Rs276.62 per US dollar, up 3.08 paisa from the prior close of Rs276.65. In currency-company dealings outside the interbank market, the dollar’s buying rate was Rs277.00 and its selling rate was Rs279.50. The rupee also advanced against the euro, pound, Swiss franc, yen, yuan and UAE dirham, while slipping slightly versus the Saudi riyal.

The euro closed at Rs308.28 and the pound at Rs368.51, while the Swiss franc settled at Rs333.98. Against the dollar, the rupee’s gain stood at Rs1.54, or 0.56%, for the current fiscal year and Rs3.50, or 1.27%, since the start of the calendar year. Separately, six-month KIBOR bid and offer rates each fell by 1 basis point, to 12.25% and 12.50%, respectively.