PKR appreciates marginally against USD

Mettis Global reported that the rupee edged up 0.77 paisa against the US dollar in the interbank market on November 12, ending at Rs276.61 versus Rs276.62 in the previous session. The dollar traded between a high bid of Rs276.75 and a low ask of Rs276.60 during the day, while open-market rates stood at Rs277.20 for buying and Rs279.50 for selling.

The rupee also strengthened against the euro, pound, Swiss franc and yen, but slipped against the Chinese yuan and UAE dirham. It gained 0.56% against the dollar so far in the current fiscal year and 1.27% since the start of the calendar year. Separately, six-month KIBOR rates fell by 11 basis points each, to 12.14% on the bid side and 12.39% on the offer side.