USD to PKR Today: US dollar hits record level, rises to Rs 290.22 in Interbank

BusinessUSD to PKR Today: US dollar hits record level, rises to Rs...

Amid the extremely violent political situation in Pakistan, the US Dollar (USD) has crushed the local currency in the Interbank Market on Wednesday, reaching an all-time record of Rs 290.22 against the Pakistani Rupee (PKR).USD to PKR Today: US dollar hits record level, rises to Rs 290.22 in Interbank

The Trading Session in the Interbank Market resumed earlier in the morning with the US dollar standing at Rs 284.84; however, after gaining Rs 5.38, the USD ended up at Rs 290.22.

Meanwhile, the Bloomberg reported that Pakistan is edging closer to a default as political unrest sparked by the arrest of the former Prime Minister Imran Khan is set to delay an International Monetary Fund (IMF) bailout.

“It looks increasingly difficult for Pakistan to avoid a default in the absence of fresh funding support coming in,” said Eng Tat Low, an emerging-market sovereign analyst at Columbia Threadneedle Investments in Singapore, as he was quoted as saying by the Bloomberg.

Foreign Currency Rates in Pakistan in the Interbank Market on May 10, 2023

US DollarUSDRs 290.22
EuroEURRs 317.96
Japanese YenJPYRs 2.14
British Pound SterlingGBPRs 366.26
UAE DirhamAEDRs 79.03
Saudi RiyalSARRs 77.38
Kuwaiti DinarKWDRs 946.76
Canadian DollarCADRs 216.66
Australian DollarAUDRs 195.92
Omani RiyalOMRRs 754.80
Qatari RiyalQARRs 79.66
Chinese YuanCNYRs 41.88
Indian RupeeINRRs 3.535

USD to PKR Today: US dollar hits record level, rises to Rs 290.22 in Interbank

US Dollar to PKR to PKR Dollar Rate in Interbank Market in last 10 days

  • On May 10     – Rs 290.22
  • On May 09     – Rs 284.84
  • On May 08     – Rs 283.85
  • On May 05     – Rs 283.59
  • On May 04     – Rs 283.82
  • On May 03      – Rs 283.88
  • On May 02      – Rs 283.92
  • On April 28     – Rs 283.84
  • On April 27     – Rs 283.92
  • On April 26     – Rs 283.39

Meanwhile, the Overseas Pakistani Workers’ remittances recorded an inflow of US$ 2.2 billion during April 2023.

Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Suzuki Alto 660cc latest price

Suzuki Alto 2023 Price and Car lease Plan United Arab Emirates

As a trusted Islamic banking institution, Meezan Bank offers a unique interest-free car financing scheme compliant with Shariah principles. Meezan Bank allows non-resident Pakistanis...

10 Best Universities in Dubai – Top Ratings (fee 2023)

Dubai has been transforming into a knowledge-based economy in recent years, placing an important value on higher education. The goal is to create an...
cost of living in Dubai and Abu Dhabi

Dubai and Abu Dhabi cost-of-living surges in global rankings

According to Mercer's Cost of Living 2023 survey, Dubai and Abu Dhabi's cost-of-living surges in global rankings have increased. Abu Dhabi is now in...
Credence High School Admissions

Credence High School Admissions: Leading CBSE School in Dubai

Imagine a place where learning is an adventure, happiness fuels education, and each child's potential is nurtured - welcome to Credence High School. This...

How to get MOFA attestation – Complete Guide

The attestation of documents by the Ministry of Foreign Affairs (MOFA), Government of Pakistan, is a mandatory process to verify the validity & authenticity...