Pakistani rupee (PKR) fell by 19 paisas against the greenback in the interbank session as the currency closed the day’s trade at PKR 164.19 per USD.
In the previous session, the home unit had closed at PKR 164 per USD.
The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 25 paisa per USD showing an intraday high bid of 164.25 and an intraday Low offer of 164.10.
According to the morning Tweet of Asad Rizvi, the Former Treasury Head at Chase Manhattan, “Market could be choppy, as normal business activity is expected a slowdown for some time due to ongoing developments in Afghanistan.”
However, KP market could be the beneficiary and will help PKR. Exporters and diasporas should take note, he added.
Within the Open Market, PKR was traded at 164/164.80 per USD.
