During the session, the dollar’s buying and selling rates both stood at Rs276.85. In the open market, exchange companies quoted the dollar at Rs277.20 for buying and Rs280 for selling.
However, the rupee weakened against several major international currencies, including the euro, British pound, Swiss franc, Japanese yen and Chinese yuan.
Against the euro, the rupee depreciated by 57.37 paisa, or 0.18%, to close at Rs311.14, compared with Rs310.57 a day earlier.
The local currency also lost Rs1.72, or 0.47%, against the British pound, settling at Rs371.22 against the previous rate of Rs369.50.
Similarly, the rupee fell by Rs1.57, or 0.47%, against the Swiss franc to close at Rs337.28.
Against the Japanese yen, the rupee depreciated by 1.11 paisa, or 0.63%, with the exchange rate rising to Rs1.7622 from Rs1.7511.
The rupee also lost 3.04 paisa, or 0.07%, against the Chinese yuan, closing at Rs41.49 compared with Rs41.46 in the previous session.
In contrast, the local currency strengthened against regional currencies. It gained 0.91 paisa against the Saudi riyal to reach Rs73.80 and appreciated by 0.73 paisa against the UAE dirham to close at Rs75.38.
Since the beginning of the current fiscal year, the rupee has gained Rs1.31, or 0.47%, against the US dollar. Its appreciation against the greenback has reached Rs3.27, or 1.18%, since the start of the calendar year.
Meanwhile, the benchmark six-month Karachi Interbank Bid and Offer Rates (KIBOR) declined by one basis point, with the bid rate falling to 12.18% and the offer rate to 12.43%.
