This slight improvement in the Rupee reflects a small but positive shift in the currency market. Even though the change was only 01 paisa, it signals a moment of stability after continuous pressure on the local currency.
According to the Forex Association of Pakistan (FAP), the US Dollar remained higher in the open market. The buying rate was recorded at Rs280.55, while the selling rate reached Rs282.25. This shows that demand for the Dollar is still strong among traders and importers.
Meanwhile, the Euro showed a major increase. Its value jumped by Rs1.99 and closed at Rs331.75 compared to Rs329.76 previously, according to the State Bank of Pakistan (SBP). This sharp rise indicates growing strength of the European currency in the global market.
The British Pound also became more expensive. It increased by Rs1.13 and closed at Rs380.68 compared to Rs379.55 earlier. However, the Japanese Yen remained stable and closed unchanged at Rs1.78, showing no movement during the trading session.
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On the other hand, Gulf currencies showed slight decline. The Emirates Dirham fell by 02 paisa to close at Rs76.14, while the Saudi Riyal dropped by 01 paisa and settled at Rs74.57. These minor decreases reflect routine fluctuations linked to the US Dollar.
The overall situation shows mixed trends in the currency market. While the Rupee showed a small recovery against the Dollar, major international currencies like the Euro and Pound gained significant strength.
This small gain in the Rupee is a positive sign, but it is not strong enough to show full recovery. The rise in Euro and Pound means global currencies are still stronger than the Rupee. If Dollar demand increases again, the Rupee may face pressure. However, small improvements like this can help build confidence slowly in the market.
