In the latest financial update, the Pakistani Rupee witnessed a decline of 26 paisa against the US dollar in interbank trading on Tuesday, closing at Rs279.56 compared to the previous day’s closing of Rs279.35.
According to the Forex Association of Pakistan (FAP), the open market rates for the dollar were reported at Rs279.7 for buying and Rs282.25 for selling.
The Euro experienced a marginal decrease of 03 paisa, closing at Rs301.24 as per the State Bank of Pakistan (SBP), down from the previous day’s closing of Rs301.27.
The Japanese Yen followed suit, losing 01 paisa to close at Rs1.85. Meanwhile, a notable decrease of 76 paisa was observed in the exchange rate of the British Pound, which concluded the day at Rs351.94, compared to the last closing of Rs352.70.
On the other hand, the Emirates Dirham and the Saudi Riyal both saw an increase in their exchange rates, with a rise of 05 paisa and 06 paisa, closing at Rs76.11 and Rs74.54, respectively.
The fluctuation in currency values highlights the dynamic nature of the foreign exchange market, influenced by various economic factors. As investors and traders continue to monitor these changes, the evolving exchange rates serve as a key indicator of economic trends and global market dynamics. Stay tuned for further updates on the financial landscape.
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