Rupee Holds Steady Amid Mixed Forex Movements
The foreign exchange market in Pakistan began the week with mixed movement as traders observed fluctuations in major global currencies.
According to the latest rates, the US dollar was trading at Rs283.60 for buying and Rs284.10 for selling. The euro was recorded at Rs327.75 (buying) and Rs329.20 (selling), while the British pound stood at Rs379.20 and Rs380.70 respectively.
Among Gulf currencies, the UAE dirham was quoted at Rs77.20 for buying and Rs77.35 for selling, while the Saudi riyal stood at Rs75.50 and Rs75.65.
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The Kuwaiti dinar, one of the strongest currencies, was available at Rs917.75 (buying) and Rs925.75 (selling), and the Bahraini dinar traded at Rs751.25 and Rs753.75.
The Canadian dollar was recorded at Rs202.50 for buying and Rs207.50 for selling, while the Singapore dollar traded between Rs217.00 and Rs224.00. The Swiss franc stood at Rs347.32 and Rs350.07.
Other currencies such as the Australian dollar, Chinese yuan, Japanese yen, and Indian rupee showed relatively stable trends.
