Pakistan Rupee's Mixed Performance in Currency Market

On June 28, 2024, the Pakistan Rupee displayed a mixed performance in the currency market against major currencies.

In interbank trading, the Pakistan Rupee strengthened by 03 paisa against the US Dollar, closing at Rs 278.34 compared to the previous day's Rs 278.37. The Forex Association of Pakistan reported that in the open market, the buying and selling rates for the dollar were Rs 277.7 and Rs 280.6 respectively.

The Euro witnessed a 13 paisa increase, ending at Rs 297.68, while the Japanese yen closed at Rs 1.72 after losing 01 paisa. On the other hand, the British Pound's exchange rate rose by 25 paisa to Rs 351.92 from the previous day's Rs 351.67.

Conversely, the Emirates Dirham remained stable at Rs 75.78, and the Saudi Riyal decreased by 01 paisa, closing at Rs 74.19.

The currency market in Pakistan experienced fluctuations with the Pakistan Rupee showing a mixed performance against major currencies. While some currencies strengthened, others witnessed slight decreases. It is essential for investors and individuals to stay informed about these changes to make informed decisions regarding foreign exchange transactions.