According to the Forex Association of Pakistan (FAP), the rupee closed at Rs281.96, up from the previous day’s Rs281.91.

However, the real shock came from the European currencies. The Euro jumped by Rs1.17, closing at Rs319.38 compared to Rs317.63 a day earlier, indicating renewed strength in European markets. Similarly, the British Pound saw a notable rise of Rs0.73, ending the day at Rs378.07, up from Rs377.34.

Also read: Unbelievable hike in gold prices shocks buyers in Pakistan

Meanwhile, the Japanese Yen held steady at Rs1.95, showing no change from the previous session.

In the open market, the buying and selling rates of the dollar were recorded at Rs282.50 and Rs284.00, respectively, maintaining a narrow yet consistent range.

These currency shifts come amid growing economic speculation and ongoing global market volatility, sparking investor curiosity about what’s next for the rupee.