Rupee Strengthens Marginally Against US Dollar, Slips Versus Euro and Pound

The Pakistani Rupee recorded a slight gain against the US Dollar in Thursday’s interbank session, appreciating by 0.01% to close at Rs. 281.03, according to data from the State Bank of Pakistan (SBP). However, the local currency showed mixed performance against other major currencies, weakening against the Euro and British Pound.

After weeks of relative stability, the rupee’s minor recovery reflects ongoing cautious optimism in the forex market, supported by better remittance inflows and managed demand for the greenback. Economic experts note that Pakistan’s exchange rate remains sensitive to global oil prices and local import pressures.

Market Performance Details

In the open market, the US Dollar was quoted at Rs. 281.10 (buying) and Rs. 282.10 (selling).

Expert Insight

“Market stability is largely due to controlled import demand and consistent inflow from remittances,” said a Karachi-based currency analyst. “However, volatility in the Euro and Pound reflects ongoing global currency adjustments driven by the European Central Bank’s policy stance.”

So far in FY2025, the rupee has appreciated 0.97% (Rs. 2.73) against the US Dollar but remains 0.88% weaker on a calendar-year basis.