It closed at Rs281.06, up from Rs280.96 the previous day — a minor uptick that’s sparking fresh speculation about the rupee’s short-term stability.

In the open market, the dollar’s buying and selling rates stood at Rs281.10 and Rs282.60, respectively, according to the Forex Association of Pakistan (FAP).

Also read: KSE-100 index plunges over 2,200 points – What’s behind PSX meltdown?

Meanwhile, the Euro followed suit, rising 15 paisa to close at Rs320.06, while the British Pound slipped by 07 paisa, ending at Rs373.82. The Japanese Yen dipped slightly to Rs1.97.

Adding to the currency shuffle, the Emirates Dirham and Saudi Riyal each inched up by 03 and 02 paisa, closing at Rs76.52 and Rs74.92, respectively.

With global markets watching closely and the dollar showing signs of renewed strength, analysts are wondering: Is this the start of a broader shift in forex trends — or just a temporary blip?