The local currency closed at Rs281.75 compared to Rs281.77 a day earlier. Though the rise was just 02 paisa, it created ripples in the currency market.
The dollar’s open market rates stood at Rs282.9 for buying and Rs283.7 for selling, showing a slight difference from interbank figures.
Meanwhile, the Euro strengthened, climbing by Rs1.33 to close at Rs330.21 against the previous Rs328.88. The Japanese Yen, however, remained stable at Rs1.91.
The British Pound also gained momentum, appreciating by Rs1.10 to settle at Rs381.16 compared to the earlier Rs380.06.
In contrast, minor declines were observed in Gulf currencies, with the Emirates Dirham slipping by 01 paisa to Rs76.70 and the Saudi Riyal also easing by 01 paisa to Rs75.08.
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The Rupee’s slight recovery against the US Dollar may not look dramatic, but even marginal movements carry significance in a volatile economy. The stronger Euro and Pound highlight global shifts in demand, while the stability of the Yen indicates muted activity.
For Pakistan, such mixed currency signals suggest uncertainty — global interest rate trends, oil prices, and domestic reserves will decide the Rupee’s trajectory. Small upticks can boost short-term confidence, but sustained stability depends on stronger economic fundamentals.
