In the latest currency developments, the Pakistani Rupee exhibited resilience against the US Dollar in Friday’s interbank trading, gaining 07 paisa and closing at Rs 279.40, compared to the previous day’s closing of Rs 279.47.
However, the open market, as reported by the Forex Association of Pakistan (FAP), depicted slightly different dynamics, with the buying and selling rates of the US Dollar standing at Rs 280 and Rs 281.7, respectively.
Shifting focus to other global currencies, the Euro experienced an upward movement, witnessing an increase of Rs 2.71 paisa. It closed at Rs 304.09 against the last day’s closing of Rs 301.38, as reported by the State Bank of Pakistan (SBP).
On the other hand, the Japanese Yen maintained its stability at Rs 1.90. Meanwhile, the British Pound saw a decline, with an exchange rate of Rs 356.45 compared to the previous closing of Rs 353.52, reflecting a decrease of 74 paisa.
In the realm of Middle Eastern currencies, the exchange rates of the Emirates Dirham and the Saudi Riyal experienced minor fluctuations. The Emirates Dirham saw a decrease of 03 paisa, closing at Rs 76.06, while the Saudi Riyal witnessed a decrease of 02 paisa, trading at Rs 74.50. Notably, both currencies showed overall stability.
These currency updates provide a snapshot of the recent fluctuations in the forex market, offering insights into the changing dynamics of key currencies against the Pakistani Rupee. Investors and observers can stay informed about the evolving financial landscape through these regular updates on currency movements.
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