The Pakistani Rupee continued to weaken against major foreign currencies in the open market on Monday, reflecting persistent economic pressure and increased demand for stronger international currencies. Analysts point to global uncertainty, reduced forex inflows, and rising import bills as key factors driving the trend.
According to updated exchange rates, the US Dollar saw further gains, with buying at Rs 283.50 and selling at Rs 285.95. The Euro also climbed, being exchanged at Rs 326.10 for buying and Rs 329.10 for selling. The British Pound remained the most expensive, trading at Rs 382.10 for buying and Rs 386.10 for selling.
Among Gulf currencies, the UAE Dirham was being bought at Rs 77.25 and sold at Rs 78.15, while the Saudi Riyal traded at Rs 75.60 and Rs 76.40 respectively. The Canadian Dollar hovered around Rs 201.85 for buying and Rs 206.85 for selling.
Read More: USD to PKR Exchange Rate: Trends,Latest Updates
Traders and currency dealers noted that limited dollar supply and strong overseas demand continue to apply pressure on the Rupee. With remittance inflows slowing and foreign investment still modest, the currency is likely to remain under stress in the near term.
The trend poses additional challenges for importers, students studying abroad, and the general public dealing with rising inflation. Meanwhile, experts suggest the government needs to stabilize macroeconomic indicators and rebuild investor confidence to bring currency markets under control.
Currency Exchange Rate Table:
| Currency | Symbol | Buying (Rs) | Selling (Rs) |
|---|---|---|---|
| US Dollar | USD | 283.50 | 285.95 |
| Euro | EUR | 326.10 | 329.10 |
| UK Pound Sterling | GBP | 382.10 | 386.10 |
| UAE Dirham | AED | 77.25 | 78.15 |
| Saudi Riyal | SAR | 75.60 | 76.40 |
| Australian Dollar | AUD | 180.75 | 184.10 |
| Bahrain Dinar | BHD | 746.70 | 753.70 |
| Canadian Dollar | CAD | 201.85 | 206.85 |
| China Yuan | CNY | 39.12 | 39.52 |
| Danish Krone | DKK | 43.46 | 43.86 |
| Hong Kong Dollar | HKD | 35.85 | 36.20 |
| Indian Rupee | INR | 3.18 | 3.27 |
| Japanese Yen | JPY | 1.96 | 2.06 |
| Kuwaiti Dinar | KWD | 916.50 | 925.50 |
| Malaysian Ringgit | MYR | 66.07 | 66.67 |
| New Zealand Dollar | NZD | 169.40 | 171.40 |
| Norwegian Krone | NOK | 28.15 | 28.45 |
| Omani Riyal | OMR | 728.45 | 736.45 |
| Qatari Riyal | QAR | 77.15 | 77.85 |
| Singapore Dollar | SGD | 218.86 | 220.86 |
| Swedish Krona | SEK | 29.32 | 29.62 |
| Swiss Franc | CHF | 344.04 | 346.79 |
| Thai Baht | THB | 8.54 | 8.69 |