The Forex Association of Pakistan reported that the dollar in the open market was being bought at Rs282.55 and sold at Rs282.75, reflecting narrow movement despite market volatility.

The euro also saw a dip, sliding by Rs0.48 to settle at Rs332.87, while the Japanese yen held steady at Rs1.91. The British pound lost 13 paisa, ending the day at Rs383.68 compared to the previous Rs383.81.

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Meanwhile, the exchange rate of the UAE dirham dropped slightly by 1 paisa to close at Rs76.63, while the Saudi riyal remained unchanged at Rs75.03.

The rupee’s slight appreciation shows resilience in interbank trading despite pressure from global markets. While the euro and pound weakened, the rupee managed to stay firm. Such small upward movements can build confidence in the local currency, offering temporary relief for importers and businesses.