The Pakistani rupee showed a small improvement against the US dollar in interbank trading. The local currency strengthened by 01 paisa and closed at Rs279.80, compared to the previous close of Rs279.81.
In the open market, the buying rate of the dollar was recorded at Rs280.70, while the selling rate stood at Rs282.35, according to the Forex Association of Pakistan.
Other major currencies showed mixed trends. The euro lost value and declined by Rs0.37 to close at Rs335.23, compared to its earlier level of Rs335.60, as reported by the State Bank of Pakistan.
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The Japanese yen also edged lower by 01 paisa and settled at Rs1.82, reflecting minor weakness during the session.
In contrast, the British pound moved higher. It gained Rs1.12 and closed at Rs387.21, up from the previous level of Rs386.09.
Regional currencies saw slight declines as well. The exchange rates of the Emirates dirham and the Saudi riyal both dropped by 01 paisa to close at Rs76.17 and Rs74.59, respectively.
Market experts say such small movements reflect cautious trading and balanced demand for foreign currencies.
The rupee’s movement is stable but weak. Small gains show controlled demand for dollars. Mixed global trends are influencing local rates. Investors appear cautious rather than confident.
