USD Exchange Rate: Rupee suffers minor losses
Major commodities such as oil are primarily bought and sold by using the US dollar, and some major economies, including Saudi Arabia, still peg their currencies to the dollar. photo: REUTERS
The Pakistani Ruppee saw minor losses against major currencies in the world with the US dollar (USD)selling at Rs 278.10 and being bought for Rs 277.60.
The Euro (EUR) follows suit, priced at Rs 300.22 for selling and Rs 299.68 for buying.
Meanwhile, the British Pound (GBP) also strengthened selling at Rs 359.74 and being bought at Rs 359.10.
The Canadian Dollar was drawing attention as well. With selling rates at Rs 201.31 and buying rates at Rs 200.95.
The Australian Dollar (AUD) also features prominently,trading at Rs 185.02 for selling and Rs 184.68 for buying respectively.
In the Middle East, the U.A.E Dirham (AED) is trading at Rs 76.29 for selling and Rs 76.16 for buying.
While the Saudi Riyal (SAR) holds a selling price of Rs 74.11 and a buying price of Rs 73.98.
The Qatari Rial (QAR) stood at selling at Rs 76.35 and buying at Rs 76.21.
The Swiss Franc (CHF) is quoted at Rs 321.30 for selling and Rs 320.72 for buying.
Kuwaiti Dinar (KWD) round out the scene, priced at Rs 907.87 for selling and Rs 906.24 for buying, respectively.
Photo: NBP RATE SHEET
On the other hand, Pakistan stock market continues to soar opened with an increase of 256 points, pushing the KSE 100 index to a new peak of 88,123.79 points.
Following this, the upward trend continued to strengthen for the forth consecutive day.
At one point, the market saw an increase of 823 points in the 100 index, allowing it to cross the 88,000 level, marking the highest point in PSX history.
It was the first time the KSE-100 breached the 88,000 barrier.