The local currency gained 19 paisa against the US Dollar in interbank trading, closing at Rs282.22 compared to the previous day’s Rs282.41.

According to the Forex Association of Pakistan (FAP), the dollar’s buying and selling rates in the open market stood at Rs284.1 and Rs285.6, respectively.

The Euro, however, gained significantly — rising by Rs2.30 to close at Rs330.45, up from Rs328.15, according to the State Bank of Pakistan.

The Japanese yen saw a modest gain of 01 paisa, settling at Rs1.91. Meanwhile, the British Pound surged by Rs2.22 to Rs382.29 from Rs380.07.

The Emirates Dirham fell by 06 paisa to Rs76.83, while the Saudi Riyal dropped by 05 paisa to Rs75.20.

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The Rupee’s slight recovery against the Dollar reflects cautious optimism in the currency market, likely supported by improved dollar inflows or controlled demand. However, the gains were uneven — with major currencies like the Euro and Pound surging, suggesting a mixed outlook for Pakistan’s forex reserves.

The drop in Gulf currencies may offer temporary relief for importers and overseas travel, but volatility in global currency trends continues to keep the market on edge.