The Pakistani rupee stayed largely stable on Wednesday, reflecting limited volatility in the open market as key foreign currencies held firm. Dealers said the rupee’s performance showed signs of balance, with no sharp gains or losses recorded during trading hours.
According to figures issued by exchange firms, the US Dollar was quoted at Rs283 for buying and Rs283.80 for selling. The Euro was recorded at Rs328 and Rs329.70, while the British Pound continued to trade higher at Rs379.85 and Rs381.75.
Among Gulf currencies, the UAE Dirham stood at Rs77.05 and Rs77.25, while the Saudi Riyal was seen at Rs75.35 and Rs75.55. The strongest performer remained the Kuwaiti Dinar, which fetched between Rs915.35 and Rs923.35. The Bahraini Dinar and Omani Riyal followed at Rs751.80 and Rs736.40, respectively.
Other regional and global currencies also moved slightly. The Canadian Dollar traded between Rs203 and Rs208, and the Australian Dollar was recorded at Rs182 and Rs187. The Singapore Dollar hovered around Rs217.50 to Rs222.50, while smaller shifts were seen in the Chinese Yuan, Norwegian Krone, and Swiss Franc.
Traders observed that a relatively calm market was helping the rupee avoid sudden swings. They warned, however, that factors such as external debt repayments, foreign investment trends, and international commodity prices could affect future performance.
The current stability comes at a time when Pakistan is closely monitoring external reserves and balancing import needs. Experts said upcoming economic data and geopolitical developments would be key drivers of currency sentiment in the days ahead.
