Despite the small dip in interbank, open market rates showed a wider spread. According to the Forex Association of Pakistan (FAP), the Dollar was being bought at Rs285.1 and sold at Rs286.1.

The Euro also recorded a minor loss, dropping 8 paisa to close at Rs332.59, as reported by the State Bank of Pakistan (SBP), compared to the previous day’s rate of Rs332.67.

The Japanese Yen slipped by 1 paisa, now priced at Rs1.96. Meanwhile, the British Pound lost Rs0.11, ending the day at Rs389.93, slightly down from Rs390.04.

Interestingly, not all currencies moved downward. The Emirates Dirham and the Saudi Riyal gained 2 paisa and 1 paisa respectively, closing at Rs77.25 and Rs75.64.

Read more: Gold prices decrease by Rs5,000 in one day - What’s driving the drop?

While the Rupee’s depreciation seems marginal, it reflects continued pressure from external market forces, including global dollar strength and domestic economic uncertainty. The contrasting gain in the Dirham and Riyal suggests increased demand for Gulf currencies — possibly due to higher remittance flows or trade activity with UAE and Saudi Arabia.

Such micro-changes, though seemingly small, can affect import costs, foreign travel, and overseas payments. Market watchers should keep a close eye on currency trends, especially with global financial shifts influencing emerging market currencies like the Rupee.