On Tuesday, the Pakistan Rupee experienced a slight appreciation against the US Dollar, gaining 07 paisa in interbank trading. The Rupee closed at Rs 278.29, compared to the previous day’s closing rate of Rs 278.36.
Open Market Rates
According to the Forex Association of Pakistan (FAP), the Dollar’s buying and selling rates in the open market were Rs 277.25 and Rs 279.9, respectively.
Other Currency Exchange Rates
The State Bank of Pakistan (SBP) provided updates on other major currencies:
- Euro: The price of the Euro increased by Rs 1.17, closing at Rs 302.84, up from the previous day’s closing of Rs 301.67.
- Japanese Yen: The Yen saw a minor increase of 02 paisa, closing at Rs 1.79.
- British Pound: The exchange rate of the Pound Sterling rose by Rs 1.75, trading at Rs 355.60, compared to Rs 353.85 the previous day.
- Emirates Dirham: The Dirham decreased by 01 paisa, closing at Rs 75.77.
- Saudi Riyal: The Riyal also saw a decrease of 01 paisa, closing at Rs 74.20.
Summary
The slight gain of the Rupee against the Dollar indicates a stable exchange rate environment, with minor fluctuations observed in other major currencies. These updates are crucial for traders, investors, and individuals involved in foreign exchange transactions, providing them with the latest market trends and rates.
Stay tuned for more updates on currency exchange rates and financial news.
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