The Pakistani rupee showed a slight improvement in interbank trading on Friday, appreciating by one paisa against the US dollar. According to the State Bank of Pakistan (SBP), the currency closed at Rs281.26 compared to the previous day’s Rs281.27.
In the open market, the Forex Association of Pakistan (FAP) reported the dollar’s buying and selling rates at Rs282.3 and Rs282.4, respectively. Analysts noted that the small gain reflects stability in the interbank market despite continued demand for the greenback.
Alongside the minor rise in paisa against dollar, other currencies also moved during the day. The euro fell by 45 paisa, closing at Rs330.04 compared to Rs330.49 a day earlier. The Japanese yen slipped by one paisa to settle at Rs1.90. The British pound also recorded a decline, dropping by 93 paisa to Rs378.63, down from Rs379.56.
Meanwhile, the exchange rates of the Emirates Dirham and the Saudi Riyal remained stable. Both currencies closed at Rs76.57 and Rs74.99, respectively, with no change from the previous session.
Currency experts say the rupee’s slight recovery is linked to steady inflows from exports and remittances, which continue to provide support. However, they warn that external financing requirements and import pressures remain key risks for the local currency.
The one paisa against dollar improvement may appear small, but it reflects resilience in the interbank market. Market watchers suggest that consistent policy measures and foreign inflows are necessary to maintain this stability in the coming weeks.
Overall, the rupee’s performance showed a mix of minor gains and losses across currencies. While the interbank market posted a modest appreciation of one paisa against dollar, broader economic factors will continue to influence future exchange rate trends.
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