Rupee continues upward streak, settles at Rs 281.06 against US Dollar in interbank trading
File photo
File photo
KARACHI (Web Desk): The Pakistani Rupee appreciated slightly by 01 paisa against the US Dollar in interbank trading, closing at Rs281.06 compared to the previous day’s Rs281.07.

According to the Forex Association of Pakistan (FAP), the Dollar’s buying and selling rates in the open market were reported at Rs282.55 and Rs282.75 respectively.

The Euro saw a decline of Rs0.99, settling at Rs326.82 against the previous day’s Rs327.81, according to data from the State Bank of Pakistan (SBP).

Meanwhile, the Japanese Yen dropped by 01 paisa to close at Rs1.85, and the British Pound slipped by Rs0.67, ending at Rs376.41 compared to Rs377.08 on the last trading day.

Read more: Pakistan gold market stays calm at Rs444,900 per tola – experts predict next move

The exchange rates of the Emirates Dirham and Saudi Riyal remained unchanged, closing at Rs76.52 and Rs74.94 respectively, showing continued market stability in regional currencies.

Experts say the Rupee’s slight appreciation reflects overall stability in Pakistan’s foreign exchange market, supported by consistent remittance inflows and a steady supply of foreign reserves.

While the change appears minor, analysts view it as a sign of confidence in monetary management. However, upcoming global oil price movements and US interest rate trends could influence the Rupee’s direction in the coming days.