During a modest but noticeable shift, the dollar showed higher traction in the open market. According to the Forex Association of Pakistan, the buying rate stood at Rs284 and the selling rate at Rs285 — reflecting stronger demand outside interbank settings.

The Euro, however, took center stage with a sharp jump of Rs3.15, closing at Rs330.31. This marked a significant climb from the previous day’s Rs327.16, according to the State Bank of Pakistan.

The British Pound also gained ground, climbing by Rs2.44 to settle at Rs377.99 compared to Rs375.55 a day earlier. Analysts suggest this movement is tied to renewed investor confidence in the UK’s economic signals.

The Japanese Yen inched up by 01 paisa to close at Rs1.92 — a minimal change, but one that reflects stability. On the contrary, Gulf currencies slightly eased: the Emirates Dirham dipped by 03 paisa to Rs76.92, while the Saudi Riyal slipped by 04 paisa to Rs75.29.

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The Rupee’s gain against the Dollar signals a cautiously optimistic interbank market, but the sharp rise in Euro and Pound exchange rates indicates global currency dynamics at play — possibly driven by trade imbalances or central bank signals. Minor declines in Gulf currencies suggest stable remittance inflows, while the open market’s higher dollar rates hint at persistent local demand pressure.