This slight appreciation follows the previous day’s closing rate of Rs280.60. Meanwhile, the open market saw the Dollar trading at buying and selling rates of Rs281.55 and Rs281.7, according to the Forex Association of Pakistan (FAP).

Currency movements were mixed across the board. The European Euro experienced a notable decrease, falling by Rs0.18 to settle at Rs323.27, down from Rs323.45. Conversely, the British Pound surged, witnessing an increase of 36 paisa to close at Rs368.07, compared to the previous Rs367.71.

Other key currencies showed stability or minor dips. The Japanese Yen held firm, closing unchanged at Rs1.79. The exchange rate for the Emirates Dirham also remained stagnant, closing at Rs76.39, while the Saudi Riyal edged down by 01 pasia to close at Rs74.80.

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Experts suggest this small gain in the Rupee, while minimal, indicates a potentially improving sentiment in the interbank market, likely fueled by short-term supply corrections or positive regulatory signals. However, the simultaneous increase in the British Pound and the drop in the Euro show that global market dynamics, not just local ones, are playing a significant role in currency value, suggesting volatility is still a factor to watch.