The Pakistani rupee remained under pressure in the open market, with several major foreign currencies registering gains due to steady demand and persistent economic concerns.
The US dollar, which has seen consistent demand in recent days, was being traded at Rs282.30 for buying and Rs284.40 for selling. Dealers noted that limited inflows and high import payments have kept the local currency on the back foot.
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The British pound emerged as the strongest foreign currency in local trade, with a buying rate of Rs380.50 and selling at Rs384.30. The euro also maintained firm ground, trading at Rs320.50 for buying and Rs323.70 for selling.
Among Gulf currencies, the Saudi riyal and UAE dirham remained in demand, with the former trading at Rs74.80 for buying and Rs75.70 for selling, and the latter at Rs76.70 and Rs77.25 respectively.
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Market analysts say ongoing uncertainty around economic reforms, coupled with concerns about foreign exchange reserves, is driving demand for stable foreign currencies. They added that fluctuations may continue until stronger inflows or external support materializes.
Meanwhile, other major currencies including the Australian dollar, Canadian dollar, and Kuwaiti dinar also showed strength in open market trading.
| Currency | Symbol | Buying | Selling |
|---|---|---|---|
| US Dollar | USD | 282.30 | 284.40 |
| Euro | EUR | 320.50 | 323.70 |
| UK Pound Sterling | GBP | 380.50 | 384.30 |
| UAE Dirham | AED | 76.70 | 77.25 |
| Saudi Riyal | SAR | 74.80 | 75.70 |
| Australian Dollar | AUD | 185.05 | 187.30 |
| Bahrain Dinar | BHD | 748.80 | 756.80 |
| Canadian Dollar | CAD | 207.00 | 210.00 |
| Chinese Yuan | CNY | 38.65 | 39.05 |
| Danish Krone | DKK | 42.37 | 42.77 |
| Hong Kong Dollar | HKD | 35.50 | 35.85 |
| Indian Rupee | INR | 3.21 | 3.30 |
| Japanese Yen | JPY | 2.01 | 2.07 |
| Kuwaiti Dinar | KWD | 913.10 | 922.60 |
| Malaysian Ringgit | MYR | 65.54 | 66.14 |
| New Zealand Dollar | NZD | 166.19 | 168.19 |
| Norwegian Krone | NOK | 27.20 | 27.50 |
| Omani Riyal | OMR | 733.30 | 741.80 |
| Qatari Riyal | QAR | 76.64 | 77.34 |
| Singapore Dollar | SGD | 220.90 | 222.90 |
| Swedish Krona | SEK | 29.07 | 29.37 |
| Swiss Franc | CHF | 339.71 | 342.46 |
| Thai Baht | THB | 8.43 | 8.58 |