The Greenback closed at Rs283.05, up from the previous day’s Rs283.21, according to the Forex Association of Pakistan (FAP).
In the open market, however, the dollar’s buying and selling rates remained higher. The greenback was being bought at Rs285.25 and sold at Rs286.
Meanwhile, the Euro took a significant hit, dropping by Rs3.54 to close at Rs327.19 compared to its previous value of Rs330.73, as reported by the State Bank of Pakistan (SBP).
The British Pound also declined, falling by Rs2.35 and closing at Rs377.50 against the previous day’s Rs379.85. The Japanese yen remained unchanged at Rs1.90.
Slight drops were also observed in the exchange rates of Middle Eastern currencies. The Emirates Dirham slipped by 04 paisa to settle at Rs77.06, while the Saudi Riyal closed at Rs75.45 after a 04 paisa dip.
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The Rupee’s marginal recovery in the interbank market, despite a stronger open market dollar rate, signals a cautious but steady sentiment in currency trading.
The sharp fall in Euro and Pound exchange rates points to broader global currency shifts, possibly driven by geopolitical or economic developments. For importers and travelers, the mixed movement offers both relief and challenge depending on the currency in focus.
