The Pakistani Rupee appreciated by 01 paisa against the US Dollar in interbank trading. It closed at Rs279.91 compared to the previous closing of Rs279.92, reflecting marginal improvement during the session.
According to the Forex Association of Pakistan (FAP), the Dollar’s buying rate in the open market stood at Rs280.75, while the selling rate was recorded at Rs282.95. These rates showed continued demand for the greenback in the open market.
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The Euro gained value during the session. Data released by the State Bank of Pakistan (SBP) showed the Euro rising by Rs1.70 to close at Rs327.18, compared to its previous level of Rs325.48.
The Japanese Yen weakened slightly, falling by 01 paisa to close at Rs1.76.
The British Pound strengthened noticeably, increasing by Rs2.37 to close at Rs377.27, up from Rs374.90 in the previous session.
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Meanwhile, the Emirates Dirham slipped by 01 paisa to close at Rs76.21. The Saudi Riyal showed no change and remained steady at Rs74.64.
The Rupee’s small gain shows stability rather than strength. Rising Euro and Pound rates suggest global currency pressure. Markets remain cautious as traders watch economic signals closely.
