The Pakistani Rupee showed a slight improvement against the US Dollar on Tuesday, gaining 10 paisa in interbank trading. It closed at Rs 283.76, compared to the previous day’s Rs 283.86.
According to the Forex Association of Pakistan (FAP), the US Dollar’s buying and selling rates in the open market stood at Rs 284.75 and Rs 285.80, respectively. These rates show a minor difference from interbank figures but reflect ongoing currency fluctuations.
Meanwhile, the Euro strengthened by Rs 2.55, closing at Rs 328.95 against the previous day’s Rs 326.40, as per the State Bank of Pakistan (SBP). This increase reflects changes in the global currency market.
The Japanese Yen also saw a small rise of 3 paisa, closing at Rs 1.95. At the same time, the British Pound jumped by Rs 3.98, trading at Rs 385.42 compared to Rs 381.44 the day before. On the other hand, the exchange rates for the Emirates Dirham and Saudi Riyal fell by 2 paisa each. The Dirham closed at Rs 77.27, while the Riyal ended the day at Rs 75.63.
Overall, these currency movements show moderate shifts in Pakistan’s foreign exchange market as global and local factors continue to influence rates.