According to the Forex Association of Pakistan, the dollar’s buying and selling rates in the open market stood at Rs283.90 and Rs284.40, keeping pressure on traders despite the minor recovery.

The Euro also softened slightly, losing 04 paisa to settle at Rs329.24 against Rs329.28 a day earlier, as per State Bank of Pakistan figures.

The Japanese yen slipped by 01 paisa to Rs190, while the British Pound dropped the most, losing 82 paisa to close at Rs381.01 compared to Rs381.83 previously.

Meanwhile, the Emirates Dirham and Saudi Riyal also recorded slight decreases, settling at Rs76.76 and Rs75.13, down by 02 paisa and 03 paisa respectively.

The rupee’s modest gain in interbank trading shows some resilience, but the wide gap between interbank and open market rates highlights persistent market pressure. While the dollar eased slightly, its stronghold above Rs281 suggests demand remains high.

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The sharp fall of the British Pound compared to other currencies indicates a mixed trend, with global factors influencing the forex basket. For now, minor gains are unlikely to bring long-term stability unless stronger inflows or policy measures reinforce the rupee.