The local currency showed a minor improvement in the interbank market. Although the change was small, dealers say even a 01 paisa gain reflects stability in the foreign exchange market.

According to the Forex Association of Pakistan, the US Dollar was bought at Rs279.00 and sold at Rs280.50 in the open market. The difference between interbank and open market rates remained noticeable.

Data shared by the State Bank of Pakistan showed the Euro dropped by Rs2.47 to close at Rs327.47, down from Rs329.94. The Japanese Yen also slipped by 02 paisa to settle at Rs1.77.

The British Pound recorded a sharp fall of Rs3.07 and ended at Rs373.56 compared to Rs376.63 previously. Meanwhile, the Emirates Dirham remained unchanged at Rs76.09. The Saudi Riyal fell by 07 paisa to close at Rs74.44.

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Currency experts say global trends and import payment pressures continue to shape the rupee’s direction. A small gain may not bring major relief, but it signals short-term balance in demand and supply.

The rupee’s 01 paisa rise is very small. But it shows the market is not under heavy pressure right now. If inflows improve, the rupee may stay stable. If import demand rises, pressure can return quickly.