According to the Forex Association of Pakistan (FAP), the open market recorded Dollar buying at Rs280.30 and selling at Rs282.25. The Euro also inched higher, rising 02 paisa to close at Rs330.83 from Rs330.81 the previous day, reported the State Bank of Pakistan (SBP).
The Japanese Yen slipped by 01 paisa, ending at Rs1.81, while the British Pound fell by Rs0.22 to close at Rs379.14 compared to Rs379.36 earlier.
Other currencies also saw minor declines. The Emirates Dirham dropped by 01 paisa to Rs76.11, and the Saudi Riyal fell by 01 paisa to Rs74.54.
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The forex market showed mixed activity with small gains for the Rupee against the Dollar and slight losses against other major currencies. Traders remain cautious as global and local economic factors continue to influence exchange rates.
The Rupee is slightly stronger against the Dollar. Euro’s small rise shows limited foreign currency demand. Pound and Yen’s fall indicates mixed market trends. Minor fluctuations suggest stability but cautious investor sentiment.
