The Rupee depreciated by 04 paisa in interbank trading, closing at Rs281.71, compared to the previous day’s Rs281.67, according to the State Bank of Pakistan (SBP).

But the real story unfolds in the open market, where the Forex Association of Pakistan (FAP) reported that the buying and selling rates of the dollar hovered at Rs282.25 and Rs283.75, respectively — reflecting a growing gap between interbank and open market trends, which experts say could widen further if economic pressures persist.

Meanwhile, the Euro made a noticeable leap, appreciating by Rs2.72 to settle at Rs315.93, up from Rs313.21 — a sign that the Rupee is feeling pressure not just from the Dollar, but other major global currencies as well.

The Japanese Yen gained 01 paisa to close at Rs1.91, while the British Pound surged by Rs3.24, landing at a strong Rs375.41, compared to the earlier Rs372.17 — further revealing how foreign currencies are gaining traction in Pakistan’s forex markets.

Even regional currencies showed minor strength: the Emirates Dirham edged up by 01 paisa to close at Rs76.69, and the Saudi Riyal climbed 02 paisa to Rs75.11.

As international currencies continue to gain and the Rupee inches downward, financial analysts warn that if structural imbalances are not addressed, a more volatile currency cycle could be ahead — affecting imports, inflation, and economic recovery plans.