US dollar weakens against rupee while regional currencies lose ground
File photo
File photo
KARACHI (Web Desk): The Rupee slightly strengthened by 03 paisa against the US Dollar in interbank trading, closing at Rs280.92 compared to the previous rate of Rs280.95.

The minor appreciation reflects ongoing fluctuations in Pakistan’s foreign exchange market.

According to the Forex Association of Pakistan (FAP), the Dollar’s buying and selling rates in the open market stood at Rs282.60 and Rs282.90, respectively.

Meanwhile, the Euro fell by 52 paisa to close at Rs326.19, down from the previous Rs326.71, as reported by the State Bank of Pakistan (SBP). The Japanese Yen also slipped by 02 paisa, settling at Rs1.82.

The British Pound showed a decline of 55 paisa, closing at Rs370.62 compared to Rs371.17 a day earlier. Similarly, the Emirates Dirham and Saudi Riyal dropped slightly by 01 and 02 paisa, closing at Rs76.48 and Rs74.90, respectively.

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The Rupee’s small gain against the Dollar shows slight market stability, yet other currencies’ decline signals persistent global pressure. Traders view this as a short-term correction rather than a strong recovery. Consistent inflows and improved reserves could help sustain the Rupee’s value in the coming weeks.