In the open market, however, dollar rates held steady at higher levels. According to the Forex Association of Pakistan (FAP), the greenback was being bought at Rs283.5 and sold at Rs284.5.
The Euro also saw a dip, falling by Rs0.30 and closing at Rs329.28 compared to Rs329.58 on the previous day.
Similarly, the Japanese yen lost 01 paisa and stood at Rs1.91. The British Pound also slid, dropping by 53 paisa to close at Rs381.83 compared to its earlier Rs382.36.
Among Gulf currencies, both the Emirates Dirham and Saudi Riyal shed 01 paisa each, settling at Rs76.78 and Rs75.16 respectively.
Read more: Gold price rises sharply in Pakistan - here’s how markets reacted!
The Rupee’s minor recovery in interbank trading highlights cautious stability in the currency market. While the greenback’s open market rates stayed higher, the dip in Euro, Pound, and Gulf currencies suggests that international exchange pressures are slightly easing.
Such small movements may appear insignificant, but they matter for importers, exporters, and the general public. A stronger Rupee can help reduce inflationary pressure on imports, but the disparity between interbank and open market rates shows that challenges remain.
