
This small change may look minor, but it has raised curiosity in financial circles about where the exchange rate is heading next.
According to the Forex Association of Pakistan, the dollar’s buying rate in the open market stood at Rs282.25, while the selling rate was Rs282.45, keeping it slightly above the interbank value.
Meanwhile, the Euro surprised traders with a sharp jump. It increased by Rs1 to close at Rs331.71 compared to Rs330.71 previously, as per the State Bank of Pakistan.
The Japanese Yen remained stable, ending at Rs1.90. However, the British Pound gained Rs1.05, closing at Rs380.48 versus Rs379.43 on the last trading day.
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On the other hand, the Emirates Dirham and Saudi Riyal both slipped slightly by 01 paisa, closing at Rs76.61 and Rs75.03, respectively.
The Rupee gained just a little against the dollar, but the real action was in the Euro and Pound, both moving up noticeably. Traders are now watching closely to see if the Rupee’s small recovery can turn into real stability or if foreign currencies will keep the pressure on.



