ISLAMABAD – The Pakistani rupee showed a minor appreciation against the US dollar on Friday, gaining 0.01 paisa in interbank trading. The local currency closed at Rs281.55, compared to Rs281.56 on the previous day.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market were recorded at Rs282.5 and Rs282.8, respectively. Market analysts said the minor movement reflects stability amid low trading activity.
Other foreign currencies showed mixed trends. The Euro increased by Rs1.20, closing at Rs330.40 against Rs329.20 previously, according to the State Bank of Pakistan (SBP). The Japanese yen remained unchanged at Rs1.90.
The British Pound gained Rs1, closing at Rs381.56 from the previous day’s Rs380.56. Meanwhile, the Emirates Dirham edged up by 0.01 paisa to Rs76.66, while the Saudi Riyal stayed stable at Rs75.04.
Experts noted that the slight appreciation of the rupee against the dollar is part of normal market fluctuations. The currency movement is influenced by international trade, foreign investment flows, and economic developments.
Overall, the interbank market remained relatively calm, with the dollar showing minor shifts. Traders are expected to closely monitor global and domestic factors in the coming days to gauge currency trends.
The SBP continues to maintain stability in the foreign exchange market, ensuring smooth trading conditions for the dollar and other major currencies.
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