Dollar, Euro Hold Strong Against Rupee

Ali
By
Ali
2 Min Read
- Advertisement -

The Pakistani rupee showed mixed performance in both interbank and open markets, with many foreign currencies appreciating slightly, according to currency dealers on Tuesday.

The US dollar remained strong, with the buying rate reported at Rs282.50 and the selling rate at Rs284.30. The Euro posted minor gains, trading at Rs320.15 for buying and Rs323.50 for selling. The British Pound also maintained upward momentum, closing at Rs380.00 (buying) and Rs384.00 (selling).

Read More: Saudi Riyal Continues Upward Trend Against PKR

Among Gulf currencies, the UAE Dirham was traded at Rs76.50 (buying) and Rs77.25 (selling), while the Saudi Riyal remained largely unchanged at Rs74.50 and Rs75.25 respectively.

Analysts suggest the rupee’s performance reflects ongoing global currency shifts, external payment pressures, and market sentiment ahead of expected economic reforms.

Currency traders also observed minor fluctuations in other currencies such as the Canadian Dollar and Australian Dollar, while Gulf-based currencies mostly held stable.

Read More: PKR to AFN Exchange Rate: Key Factors & Market Impact

The forex market is expected to remain sensitive to economic announcements and IMF-related developments in the coming days.

 Open Market Rates 

Currency Code Buying Selling
US Dollar USD 282.50 284.30
Euro EUR 320.15 323.50
British Pound GBP 380.00 384.00
UAE Dirham AED 76.50 77.25
Saudi Riyal SAR 74.50 75.25
Australian Dollar AUD 185.05 187.30
Canadian Dollar CAD 207.40 209.80
Share This Article
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *