USD Exchange Rate: Rupee depreciates against major currencies

USD selling for Rs 278.50 for buying, GBP at Rs 362.30.

In the latest foreign exchange update from the National Bank of Pakistan (NBP), the US Dollar (USD) and other major global currencies have shown significant movement, reflecting trends in the international financial markets.

The buying rate for the US Dollar (USD), stood at Rs 278.50 while the selling rate reached Rs 279.75, on Monday in the latest foreign exchange update from the National Bank of Pakistan (NBP).

Meanwhile, the British Pound (GBP) had a buying rate of Rs 362.30 and a selling rate of Rs 365.90.

The Euro (EUR) reached a buying rate of Rs 302.60 and a selling rate of Rs 305.60.

In the Gulf currency segment, The Saudi Riyal (SAR) is trading with a buying rate of Rs 73.55 and a selling rate of Rs 74.25, UAE Dirham (AED), with a buying rate of Rs 75.35 and a selling rate of Rs 76.10, Both currencies are pegged to the USD and follow the same trend as the Greenback.

Similarly, the Australian Dollar (AUD) has a buying rate of Rs 186.50 and a selling rate of Rs 189.50.

Meanwhile, The Canadian Dollar (CAD) is valued at a buying rate of Rs 202.50 and a selling rate of Rs 206.50.

Among other notable currencies, Swiss Franc (CHF) is trading at a buying rate of Rs 320.30 and a selling rate of Rs 323.50.

On the other hand, the Omani Rial (OMR) is priced with a buying rate of Rs 717.55 and a selling rate of Rs 724.70.

The Bahraini Dinar (BHD) offers a buying rate of Rs 731.65 and a selling rate of Rs 738.95.

Lastly, the Kuwaiti Dinar (KWD) commands the highest value in the market, with a buying rate of Rs 898.90 and a selling rate of Rs 907.85.

Photo: NBP Exchange Company Limited

On the other hand, Pakistan Stock Exchange (PSX) kicked off the trading week on a high note, with the KSE-100 index soaring past the historic milestone of 84,000 points for the first time. On Monday, the market opened strong, gaining 197 points and elevating the KSE-100 index to 83,729 points, according to Express News.

This positive momentum was further fueled by renewed investor confidence, following encouraging developments in the market from the previous week.

As trading progressed, the market maintained its upward trajectory, reflecting optimism among investors and setting the stage for potential continued growth.