Rupee Edges Higher Against Dollar as Euro, Pound Slip

The Pakistani Rupee posted a marginal gain against the US Dollar in interbank trading on Monday, appreciating by 01 paisa to close at Rs. 281.16, compared to the previous session’s close of Rs. 281.17, according to the data issued by the State Bank of Pakistan (SBP). In the open market, the Dollar was quoted at Rs. 282.65 for buying and Rs. 282.85 for selling, according to the Forex Association of Pakistan (FAP). The Euro slipped by Rs. 0.35, ending the day at Rs. 326.16, down from Rs. 326.51, as per data from the State Bank of Pakistan (SBP). The Japanese Yen remained unchanged at Rs. 1.84. Meanwhile, the British Pound fell by Rs. 0.70 to close at Rs. 374.87, compared to the previous day’s Rs. 374.17. The Emirates Dirham edged down by 01 paisa to finish at Rs. 76.54, while the Saudi Riyal was steady at Rs. 74.96. Currency traders noted subdued activity amid ongoing geopolitical uncertainty and a cautious outlook for regional markets.