The greenback’s marginal rise from Rs 281.97 to Rs 282.11 comes amid fluctuating market sentiments, as reported by the Forex Association of Pakistan (FAP).

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In the open market, the dollar showed more strength, trading at Rs 283.5 for buying and Rs 284.4 for selling — a noticeable gap from interbank rates.

Meanwhile, the Euro also crept up by 06 paisa, settling at Rs 322.12. This minor uptick suggests continued pressure on the local currency against broader global currencies.

Interestingly, the Japanese yen held firm at Rs 1.97, showing no movement for the day — possibly signaling investor hesitation or equilibrium.

However, the British Pound lost ground, dipping by Rs 0.60 to close at Rs 381.42, compared to the previous Rs 382.02, reflecting a selective shift in currency strength.

The Emirates Dirham and Saudi Riyal both saw modest gains of 04 paisa and 06 paisa, closing at Rs 76.81 and Rs 75.20, respectively, suggesting slight but steady regional currency momentum.

Though the dollar’s 14 paisa gain may seem modest, its consistent upward movement against the rupee raises red flags for Pakistan’s currency stability. The disparity between interbank and open market rates reflects growing pressure on demand and potential foreign exchange reserves tightening. Meanwhile, regional currencies gaining against the rupee shows shifting trade flows and market confidence. This subtle dance of figures hints at deeper macroeconomic concerns and underscores the need for policy clarity to stabilize the exchange rate landscape.