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).
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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.
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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 |