Currency Market Stays Calm in Pakistan

The Pakistani Rupee saw little movement against major global currencies on Wednesday, with the US Dollar retaining its position in the open market.

According to the latest data, the Dollar was traded at Rs 284.65 for buying and Rs 285.25 for selling. In interbank dealings, the greenback was exchanged at Rs 282.15. The stability followed Tuesday’s closing when the Dollar had ended at Rs 284.

The British Pound was valued between Rs 380.20 and Rs 382.90, while the Euro stood between Rs 328.80 and Rs 330.30. Among Gulf currencies, the Saudi Riyal was recorded at Rs 75.80 for buying and Rs 76 for selling, whereas the UAE Dirham closed at Rs 77.45 and Rs 77.60.

Read More: Investors Shift to Stocks, Gold Declines in Pakistan

Asian currencies also showed modest variation. The Chinese Yuan was recorded between Rs 39.03 and Rs 39.43, while the Japanese Yen stood at Rs 1.80 and Rs 1.90. The Indian Rupee, meanwhile, traded between Rs 3.14 and Rs 3.23.

In other updates, the Canadian Dollar was seen at Rs 205 and Rs 210, while the Australian Dollar fluctuated between Rs 182.75 and Rs 187.75. The Kuwaiti Dinar remained one of the highest-valued foreign currencies, recorded between Rs 919.35 and Rs 931.35.

Similarly, the Omani Riyal traded between Rs 737.70 and Rs 747.70, while the Qatari Riyal hovered between Rs 77.24 and Rs 77.94.