In the open market, however, the Forex Association of Pakistan (FAP) reported the dollar was being bought at Rs282.6 and sold at Rs283.4, keeping currency watchers on edge.

The Euro also slipped sharply, losing Rs2.89 and settling at Rs328.03 against the previous Rs330.21, according to the State Bank of Pakistan (SBP).

The Japanese Yen edged down by 02 paisa, ending at Rs1.89, while the British Pound faced a bigger fall of Rs4, closing at Rs377.16 compared to Rs381.16 earlier.

Among Gulf currencies, the Emirates Dirham remained stable at Rs76.70, while the Saudi Riyal shed 01 paisa to close at Rs75.07.

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The Rupee’s minor gain against the US Dollar signals cautious stability, but contrasting movements in other currencies highlight market unpredictability. The sharp fall in the Euro and British Pound may ease import pressures but also raises questions about Pakistan’s trade balance and investor sentiment.

While the Gulf currencies remained largely stable, experts believe such mixed trends suggest underlying volatility. This could mean further fluctuations in coming days, making the forex market one to watch closely.