The Pakistani Rupee recorded a minor improvement on Tuesday, gaining 01 paisa against the US Dollar in interbank trading. The local currency closed at Rs280.30, compared to the previous session’s closing of Rs280.31.
According to the Forex Association of Pakistan, the US Dollar’s buying rate in the open market stood at Rs281.1, while the selling rate was recorded at Rs283.35. Traders said demand remained balanced, keeping movements limited.
Meanwhile, the Euro moved upward. Data from the State Bank of Pakistan showed the Euro gained Rs0.70 and closed at Rs329.48, up from Rs328.78 a day earlier, reflecting strength in global markets.
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The Japanese Yen also saw a slight rise of 01 paisa and closed at Rs1.81. At the same time, the British Pound increased by Rs0.81 to settle at Rs375.40, compared to the previous close of Rs374.59.
In the Gulf currencies segment, the Emirates Dirham remained unchanged at Rs76.32. However, the Saudi Riyal edged higher by 01 paisa and closed at Rs74.71, showing mild upward movement.
Currency experts say such small changes indicate cautious trading, with investors closely watching global economic signals and local financial conditions.
The Rupee’s gain is small but positive. Stable demand helped prevent sharp swings. Rising euro and pound show global pressure. If conditions stay calm, the Rupee may hold its level in coming days.
