Dollar, Euro, and Pound Climb Against Rupee

The Pakistani Rupee opened weaker in today’s currency market, as major international currencies including the US Dollar, Euro, and British Pound gained ground.

According to updated exchange rates, the US Dollar maintained its dominance, with a buying rate of Rs285.3 and a selling rate of Rs286.5. The Euro followed, trading at Rs336 for buying and Rs337.6 for selling. Meanwhile, the British Pound Sterling remained the most expensive among major currencies, quoted at Rs389 (buying) and Rs390.8 (selling).

Read More: Global, Local Gold Rates Drop for Second Day

Among Gulf currencies, the UAE Dirham was available at Rs77.65 for buying and Rs78.05 for selling. The Saudi Riyal stood at Rs76 and Rs76.25, respectively. Other notable rates included the Australian Dollar at Rs184 buying and Rs188 selling, and the Canadian Dollar at Rs208.6 buying and Rs213.6 selling.

Market analysts suggest that the Rupee’s continued pressure is linked to global currency trends and local economic challenges. They also recommend close monitoring of foreign exchange reserves and import payment cycles, which could further influence rate fluctuations.