Pakistani Rupee Ends the Week With Losses Against Major Currencies

The Pakistani Rupee (PKR) lost 13 paisas against the US Dollar (USD) in the interbank currency market on the final day of the week.

This adds to a loss of 11 paisas on Thursday that came after a gain of 10 paisas on Wednesday, eight paisas on Tuesday, and 19 paisas on Monday.

The PKR closed at Rs. 160.74 to the USD on Friday (January 22) as compared to Rs. 160.61 on Thursday which was down from Rs. 160.50 to the USD on Wednesday after an improvement on Rs. 160.60 to the greenback on Tuesday that had reduced from Rs. 160.52 on Monday.

Except for its major gains on Monday this week, the PKR had more deterioration than gains on Tuesday, Wednesday, and Thursday. Friday seems to have halted its deterioration against the Great British Pound (GBP), the Australian Dollar (AUD), and the Canadian Dollar (CAD).