Pakistani currency market witnessed stable trends on Wednesday as the US Dollar showed no major change against the Rupee.
The open market rate for the Dollar was reported at Rs 284.65 for buying and Rs 285.25 for selling. In interbank trading, the exchange rate stood at Rs 282.15. Currency dealers pointed out that the Dollar closed at the same level on Tuesday, suggesting consistency in demand and supply.
The British Pound and Euro saw minor adjustments, with the Pound moving between Rs 380.20 and Rs 382.90, while the Euro was recorded between Rs 328.80 and Rs 330.30. Gulf currencies largely mirrored this stability. The Saudi Riyal traded at Rs 75.80 to Rs 76, whereas the UAE Dirham remained within Rs 77.45 and Rs 77.60.
Data further showed that the Canadian Dollar hovered between Rs 205 and Rs 210, while the Australian Dollar fluctuated from Rs 182.75 to Rs 187.75. The Chinese Yuan stood between Rs 39.03 and Rs 39.43. In comparison, the Indian Rupee was noted at Rs 3.14 for buying and Rs 3.23 for selling.
The Kuwaiti Dinar continued to dominate the market as the strongest foreign currency, ranging from Rs 919.35 to Rs 931.35. The Omani Riyal was recorded at Rs 737.70 to Rs 747.70, while the Qatari Riyal traded at Rs 77.24 to Rs 77.94.