Currency Update: Pakistani Rupee Records Minor Decline Against US Dollar

• Pakistani rupee depreciated 03 paisa against US dollar, closing at Rs 277.86.
• Dollar buying and selling rates in open market at Rs 279 and Rs 280.7.
• The Emirates Dirham exchange rate gained 01 paisa, while Saudi Riyal remained stagnant at Rs74.04.

On Monday, the Pakistani rupee depreciated by 3 paisa against the US dollar in interbank trading, closing at Rs 277.86, as reported by the State Bank of Pakistan (SBP).

In the open market, the Forex Association of Pakistan (FAP) reported that the buying and selling rates for the dollar were Rs 279 and Rs 280.7, respectively.

The Euro also saw a decline, dropping by 1.79 paisa to close at Rs 308.40, down from Rs 310.19 the previous day. Meanwhile, the Japanese yen remained stable at Rs 1.93. The British Pound experienced a decrease of Rs 1.29, trading at Rs 368.52, compared to the last day’s closing of Rs 369.81.

The Emirates Dirham gained 1 paisa to close at Rs 75.65, while the Saudi Riyal held steady at Rs 74.04.

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