As of December 26, 2023, the Pakistani Rupee demonstrated resilience in the interbank trading, marking its 10th consecutive recovery session against the US Dollar. Closing at Rs282.37, the Rupee gained 15 paisa compared to the previous day’s closing of Rs282.52. However, the Forex Association of Pakistan (FAP) reported the open market rates with buying and selling prices of the Dollar at Rs282.7 and Rs285.2, respectively.
The Euro experienced a 47 paisa increase, closing at Rs311.27 as per the State Bank of Pakistan (SBP), compared to the previous day’s closing of Rs310.80. The Japanese Yen maintained its position, closing at Rs1.98. Conversely, the British Pound witnessed a decrease of Rs17 paisa, settling at Rs358.48 in contrast to the previous closing of Rs358.65.
Further fluctuations were observed in the exchange rates of other currencies. The Emirates Dirham and the Saudi Riyal both saw decreases of 05 and 04 paisa, closing at Rs76.88 and Rs75.27, respectively.
As the currency market continues to exhibit dynamic trends, these fluctuations offer insights into the economic landscape, impacting both local and international trade. Stay informed to navigate financial decisions effectively.
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