On Tuesday, the Pakistani rupee saw a minor depreciation of 6 paisa against the US dollar in interbank trading, closing at Rs 278.70 compared to the previous day’s closing of Rs 278.64.
In the open market, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the US dollar were recorded at Rs 279.40 and Rs 280.50, respectively.
The Euro also saw a slight increase of 21 paisa, closing at Rs 304.52, up from the previous day’s rate of Rs 304.31, as reported by the State Bank of Pakistan (SBP).
Conversely, the Japanese yen depreciated by 1 paisa, closing at Rs 1.88. The British Pound, however, experienced a rise of Rs 1.05, trading at Rs 356.83 compared to Rs 355.78 the previous day.
The Emirates Dirham increased by 1 paisa to close at Rs 75.87, while the Saudi Riyal remained stable at Rs 74.23.
This fluctuation in currency exchange rates highlights the ongoing volatility in the forex market, reflecting changes in international economic conditions and investor sentiment.
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