The Pakistani rupee (PKR) depreciated by one paisa against the US dollar (USD) on Friday to close at 168.19.
Yesterday, it recovered from the record low of September 15 and gained 94 paisas in the inter-bank market to close at Rs. 168.18.
On September 15, the PKR slid to its lowest against the USD ever, at Rs. 169.12.
Regarding the PKR’s value in the near future, Business Recorder said, “Market participants are of the view that this may ease the market for the next week or two at most.”
The local currency lost 6 paisas against the Euro, 3 paisas against the Canadian Dollar (CAD), and 10 paisas against the Australian Dollar (AUD).
It also depreciated by 0.1 percent each against the Saudi Riyal (SAR) and the United Arab Emirates Dirham (AED), respectively.