The local currency had closed at Rs280,00 the previous day. This minor appreciation hints at cautious optimism among traders in the currency market.

According to the Forex Association of Pakistan (FAP), the Dollar’s buying and selling rates in the open market were Rs280,65 and Rs282,75, showing slight differences from interbank rates.

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The Euro lost Rs0,55, closing at Rs325,97 from Rs326,52. Meanwhile, the Japanese Yen stayed steady at Rs1,76, reflecting minimal movement.

The British Pound declined by Rs0,68, closing at Rs376,31, down from Rs376,99. Middle Eastern currencies also saw small drops, with the Emirates Dirham at Rs76,22 and the Saudi Riyal at Rs74,65, each down by 01 paisa.

This trend indicates that while the Rupee is showing slight improvement against the Dollar, major international currencies continue to fluctuate, keeping forex markets cautious. Traders and businesses may need to watch closely for any sudden movements that could impact import and export costs.

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The Rupee’s small gain is encouraging but not decisive. Euro and Pound drops suggest international factors still affect the market. Stability in Yen shows selective steadiness in global currencies.