It closed at Rs281.21 compared to the previous day’s closing of Rs281.25, signaling minor but positive movement in the local currency’s stability.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market were recorded at Rs282.6 and Rs282.7, respectively. The small difference between interbank and open market rates reflects a relatively stable exchange environment.

Meanwhile, the Euro gained strength, rising by Rs0.70 to close at Rs328.50 compared to the previous rate of Rs327.80, as reported by the State Bank of Pakistan (SBP). The appreciation indicates renewed demand for the Euro in trade and investment circles.

The Japanese Yen, on the other hand, slipped by 01 paisa to settle at Rs1.86. The British Pound witnessed a rise of Rs0.43, closing at Rs378.01 compared to Rs377.58 a day earlier. Both currencies moved in narrow ranges, showing mild international currency adjustments.

The exchange rates of the Emirates Dirham and the Saudi Riyal dropped slightly, falling by 01 and 02 paisa, closing at Rs76.56 and Rs74.97, respectively. These minor changes mirror stable oil trade and foreign remittance inflows that continue to support the Rupee’s performance.

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The Rupee’s slight appreciation hints at cautious optimism in the forex market. Despite ongoing global economic pressures, Pakistan’s currency is showing signs of stability. Small gains like this could pave the way for gradual recovery, provided foreign reserves and remittances continue to strengthen. The next few days will reveal whether this improvement is sustainable or just a short-term bounce.