Rupee gains against US Dollar, but other currencies jump
Rupee edges up 01 paisa while euro and pound surprise markets. File photo
Rupee edges up 01 paisa while euro and pound surprise markets. File photo
KARACHI (Web Desk): The rupee appreciated by 01 paisa against the US dollar in interbank trading, offering slight relief as currency markets stayed cautious.

The local currency closed at Rs279.81, improving from the previous close of Rs279.82. The minor gain reflected a stable but closely watched trading session.

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In the open market, the Forex Association of Pakistan said the US dollar was bought at Rs280.65 and sold at Rs282.3, showing steady demand despite the rupee’s small rise.

Other major currencies recorded noticeable movement. The euro gained Rs3.68 and closed at Rs335.60, up from Rs331.92, according to the State Bank of Pakistan.

The Japanese yen increased by 03 paisa to close at Rs1.83. The British pound also moved higher, rising Rs3.53 to end the day at Rs386.09, compared to Rs382.56 earlier.

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Meanwhile, the exchange rate of the Emirates dirham remained unchanged at Rs76.18. The Saudi riyal slipped slightly, falling by 02 paisa to close at Rs74.60.

The rupee’s small gain shows short-term stability. Bigger jumps in euro and pound signal global pressure. Steady dollar rates suggest controlled demand. Currency markets may stay sensitive in coming days.