Wednesday, July 3, 2024 08:36 PM
Pakistani Rupee Gains Slightly Against Major Currencies
- Rupee strengthens by 01 paisa against US dollar in interbank trading.
- Euro and Japanese Yen see minor increases, while British Pound rises significantly.
- Emirates Dirham and Saudi Riyal exchange rates remain stable.
Image Credits: nation_pkThe Pakistani Rupee showed a slight improvement against the US dollar in the interbank trading session. Euro, Japanese Yen, and British Pound also experienced fluctuations, while Emirates Dirham and Saudi Riyal rates remained stable.
The Pakistani Rupee showed a slight improvement against the US dollar in the interbank trading session on Thursday. It gained 01 paisa and closed at Rs 278.30 compared to the previous day's closing of Rs 278.31. However, in the open market, the buying and selling rates of the dollar were reported at Rs 277.25 and Rs 280, respectively, by the Forex Association of Pakistan (FAP).
Meanwhile, the Euro saw an increase of 15 paisa, closing at Rs 298.11 as opposed to the previous day's Rs 297.96, as per the State Bank of Pakistan (SBP). The Japanese Yen also experienced a slight rise of 01 paisa, closing at Rs 1.78. On the other hand, the British Pound witnessed a significant increase of 48 paisa, trading at Rs 348.51 compared to the previous closing of Rs 348.99. The exchange rates for the Emirates Dirham and the Saudi Riyal remained stable at Rs 75.77 and Rs 74.20, respectively.
In conclusion, the Pakistani Rupee's performance against major currencies like the US dollar, Euro, Japanese Yen, and British Pound, as well as the stability against the Emirates Dirham and Saudi Riyal, reflects the ongoing dynamics of the foreign exchange market in Pakistan.
