Karachi: After the continuous rise, the Pakistani rupee depreciated against other currencies, including the US dollar, in the exchange market on Thursday.

According to the SBP, the dollar rose 54 paisas against the rupee to Rs153.30 in the interbank market.
Interbank closing #ExchangeRate for today:https://t.co/brApY9jpV7 pic.twitter.com/CfFDPqrRb7
— SBP (@StateBank_Pak) April 1, 2021
On Wednesday and the last day of the month, the US dollar against PKR was closed at Rs152.76 in the interbank market.
In the interbank market, the euro also rose by 48 paisas to Rs179.89, while the British pound fell to Rs211.25 and the Saudi riyal to Rs40.87.
It may be recalled that in the first three days of this week, the rupee continued to appreciate.
During the current financial year, the exchange rate fluctuated sharply and in August 2020 (FY 21), the rupee depreciated to its lowest level against the dollar, reaching Rs168.70 on August 20 last year.
The rupee then began to recover and has improved significantly against the US dollar over the past four months.
“The supply and demand position of dollars and the upcoming data on the country’s forex reserves will determine the future direction of the rupee. The rupee should conclude this week at Rs152.5 - 153.7 per dollar,” said a currency exchange dealer.
It is important to mention that the Pakistani Rupee appreciates when a lesser amount of rupees is required to get one USD whereas PKR depreciates when more rupees are required to get one greenback.

PM directs federal ministers to visit flood-affected areas in Punjab
- 11 hours ago

Gold prices continue to rise in Pakistan, global markets
- 6 hours ago

Singer Taylor Swift engaged to football star Travis Kelce
- 10 hours ago
“Unprecedented floods": controlled blast creates breach near Head Qadirabad on Chenab
- 6 hours ago

Trump can’t stop America from building cheap EVs
- 5 hours ago

Pakistan Army actively conducting flood rescue and relief operations in Punjab, KP
- 4 hours ago

Death toll from rains, landslides in occupied Kashmir rises to 30
- 11 hours ago

Living on Mars would suck
- 5 hours ago

Trump’s immigration crackdown could be slowing the hunt for child predators online
- 7 hours ago

Microsoft employee arrested at headquarters protest of Israel contracts
- 7 hours ago

Apple’s three-year iPhone plan is a break from the boring
- 7 hours ago
Pakistan’s monsoon misery: nature’s fury, man’s mistake
- 3 hours ago