The Pakistani Rupee showed a mild improvement on Wednesday, gaining 03 paisa against the US Dollar in interbank trading. It closed at Rs280.27, compared to the previous close of Rs280.30, offering a small but positive signal for the market.
According to the Forex Association of Pakistan, the US Dollar’s buying rate in the open market stood at Rs281, while the selling rate was recorded at Rs283.1. Traders said demand remained balanced during the session.
Data from the State Bank of Pakistan showed mixed movement in other major currencies. The Euro dropped by Rs1.37 and closed at Rs328.11, down from Rs329.48 a day earlier.
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The Japanese Yen also slipped by 01 paisa to close at Rs1.80. Meanwhile, the British Pound saw a sharper fall of Rs2.27, ending the day at Rs373.23 compared to the previous Rs375.50.
In the Gulf currencies, the Emirates Dirham eased by 01 paisa to Rs76.31. The Saudi Riyal showed no change and closed steady at Rs74.71.
The Rupee’s gain is small but confidence boosting. Stable rates suggest controlled demand for dollars. Bigger moves may depend on economic and policy signals ahead.
