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Homepage Blog Business Foreign Currencies Edge Higher in Open Market
Business

Foreign Currencies Edge Higher in Open Market

By
Ali
Last updated: September 5, 2025
2 Min Read
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Several major foreign currencies posted slight gains against the Pakistani Rupee in the open market on September 5, 2025, with notable upticks in the British Pound, Euro, and Gulf currencies.

The British Pound (GBP) was bought at Rs 381.30 and sold at Rs 383.30, reflecting continued strength amid rising UK bond yields. The Euro (EUR) stood at Rs 328.5 (buying) and Rs 330.30 (selling), buoyed by stable economic indicators across the Eurozone.

Meanwhile, Middle Eastern currencies also saw upward adjustments. The Saudi Riyal (SAR) traded at Rs 75.8/76, while the UAE Dirham (AED) recorded Rs 77.45 for buying and Rs 77.60 for selling. Both remain influenced by global oil dynamics and continued remittance activity from the Gulf region.

Read More: PKR Outlook Uncertain Despite Stable Market Trend

The modest increases suggest a slight weakening of the rupee against a basket of key foreign currencies, although no sharp volatility was reported. Analysts attribute the movement to regular forex demand from importers and travelers, rather than any large-scale capital outflows.

Traders in the open market reported normal activity, with currency supply remaining steady. However, some anticipate a potential rise in demand for Gulf currencies in the coming weeks due to upcoming travel and pilgrimage seasons.

TAGGED:#ForexPakistan#PKRWatchCurrencyRates
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