Rupee’s rise against dollar leaves investors watching global currency trends
File photo
File photo
ISLAMABAD (Web Desk): The Pakistani Rupee appreciated by just 01 paisa against the US Dollar in interbank trading as it closed at Rs281.50 compared to yesterday’s Rs281.51.

In the open market, however, the dollar remained higher. According to the Forex Association of Pakistan, the buying rate stood at Rs282.45 and the selling rate at Rs282.65.

The Euro gained strength, rising by Rs1.34 to close at Rs333.35 compared to Rs332.01 a day earlier, as per the State Bank of Pakistan.

The Japanese Yen remained flat at Rs1.91, while the British Pound showed a minor jump of 20 paisa, ending at Rs383.81 against the previous Rs383.61.

Read more: Investors shocked as gold prices crash in Pakistan and worldwide after record high

Among Gulf currencies, the Emirates Dirham stayed stable at Rs76.64. Meanwhile, the Saudi Riyal slipped slightly by 02 paisa, closing at Rs75.03.

The Rupee’s gain against the dollar is too small to cheer about, showing that pressure on the currency remains. On the other hand, the Euro and Pound gained noticeable strength, reflecting global currency shifts. The Riyal’s slight dip and stable Dirham suggest mixed movements in Gulf currencies. Traders say the market remains sensitive to international trends, and even small changes can trigger wider expectations.