According to the Forex Association of Pakistan (FAP), the Dollar’s open market rates were recorded at Rs280,70 for buying and Rs282,4 for selling. Traders noted only a minor shift, reflecting stability amid cautious market sentiment.
The Euro strengthened by Rs0,45 to Rs331,92 from Rs331,47. The British Pound also rose by Rs0,48, closing at Rs382,56 compared to Rs382,08 previously.
Read more: EU and India sign ‘mother of all’ trade deal after decades of talks
Meanwhile, the Japanese Yen fell slightly by 01 paisa to Rs1,80. The Emirates Dirham dipped by 01 paisa to Rs76,18, while the Saudi Riyal remained stable at Rs74,62.
Read more: Pakistan to resolve $799 million PTCL privatization dispute
Forex analysts suggest that these small fluctuations indicate a steady Rupee, but market watchers remain alert to global and domestic economic developments that could affect currency values.
The Rupee’s slight appreciation shows stability in the forex market. While major currencies like Euro and Pound gained, small declines in Yen and Dirham kept the market cautious. Traders are watching global trends closely.