According to the State Bank of Pakistan, the Rupee appreciated by 1 paisa on Tuesday, closing at Rs281.15 compared to the previous day’s Rs281.16.

In the open market, the Forex Association of Pakistan (FAP) reported the Dollar’s buying rate at Rs282.75 and selling rate at Rs282.95, reflecting only a marginal change.

Meanwhile, the Euro weakened by Rs1.27 to close at Rs324.89 from Rs326.16 a day earlier. The British Pound also declined by Rs1.82, settling at Rs373.05 compared to the previous Rs374.87.

The Japanese Yen remained unchanged at Rs1.84, while the exchange rates of the Emirates Dirham and Saudi Riyal also stayed steady, closing at Rs76.54 and Rs74.96, respectively.

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Experts say the Rupee’s minor gain against the Dollar signals short-term market steadiness, mainly due to controlled demand for foreign currency. However, the drop in the Euro and Pound suggests that global economic trends and central bank decisions continue to influence the overall currency outlook.

The market now waits for trade data and oil price movements that could impact future rates.