The Pakistani rupee recorded a minor gain against the US dollar during interbank trading, as the greenback closed marginally lower on the day.
According to the State Bank of Pakistan, the US dollar fell by 1 paisa in the interbank market and closed at Rs. 280.05, compared to the previous closing rate of Rs. 280.06.
Open Market Exchange Rates
In the open market, the US dollar remained unchanged and was traded at Rs. 281.10.
Other major foreign currencies showed mixed movement:
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Euro: Fell by 34 paisa to Rs. 330.29
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British Pound: Dropped by Rs. 1.24 to Rs. 380.45
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UAE Dirham: Rose by 1 paisa to Rs. 77.24
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Saudi Riyal: Declined by 2 paisa to Rs. 75.39
Market Outlook
Currency traders say the minor fluctuations reflect stable demand and supply conditions, with no major economic or policy trigger influencing the market during the session.
Analysts note that the rupee’s performance remains closely tied to:
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Import payment pressure
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Remittance inflows
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Foreign exchange reserves
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Global dollar trends
Further movement in the exchange rate is expected to depend on upcoming economic data and external financing developments.
