Exchange Rates Show Slight Variations as Dollar Stays Firm
The Pakistani rupee remained largely stable against the US dollar on Thursday, with only minor changes observed in both the interbank and open markets.
According to currency dealers, the dollar was traded at Rs284.65 in the open market for buying and Rs285.25 for selling. In the interbank market, it stood at Rs282.15.
The rates indicated that the US dollar maintained its value compared with the previous closing price of Rs284.
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Other major currencies displayed mixed patterns. The British pound was exchanged at Rs380.20 for buying and Rs382.90 for selling, while the euro stood at Rs328.80 and Rs330.30, respectively.
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Dealers reported that Middle Eastern currencies remained relatively steady, with the Saudi riyal at Rs75.80 and Rs76.00, and the UAE dirham at Rs77.45 and Rs77.60.
Among regional currencies, the Chinese yuan was available at Rs39.03 for buying and Rs39.43 for selling. The Japanese yen remained close to Rs1.80 and Rs1.90. The Indian rupee, however, continued to hover around the Rs3.14 to Rs3.23 range.
High-value Gulf currencies also retained their strength. The Kuwaiti dinar was quoted between Rs919.35 and Rs931.35, while the Omani riyal stood between Rs737.70 and Rs747.70. Similarly, the Qatari riyal traded at Rs77.24 for buying and Rs77.94 for selling.
