Karachi: The Pakistani rupee is trading cautiously in the open market as foreign currencies are continuing to show mixed trends amid steady demand from importers, overseas workers and travelers. Exchange dealers across the city are reporting active buying and selling, while customers are frequently visiting currency counters for routine business and remittance needs.
The US dollar is currently dominating the market, with the greenback buying at Rs280.60 and selling at Rs282.30. Traders are saying the dollar is remaining firm as import payments and commercial settlements are increasing throughout the day. The rupee is showing slight pressure, although remittance inflows are helping stabilize sharp fluctuations.
Meanwhile, the British Pound Sterling is maintaining its strength and is trading among the highest-valued currencies. The pound is buying at Rs384.67 and selling at Rs388.18, as demand is rising from students, travelers and businesses making payments to the United Kingdom. Dealers are noting that the pound is continuing to hold gains in the global market, which is supporting its local value.
Gulf currencies are also witnessing steady trading activity. The Saudi Riyal is buying at Rs74.90 and selling at Rs75.30, while the UAE Dirham is being exchanged at Rs76.55 for buying and Rs77.20 for selling. Money changers are explaining that consistent remittances from Pakistani workers in Saudi Arabia and the UAE are keeping these currencies stable and liquid.
At the same time, the Omani Riyal is trading at a much higher level due to its strong international peg. The currency is buying at Rs728.55 and selling at Rs738.18, reflecting its premium status in the market. Dealers are reporting limited but steady demand from families and businesses linked with Oman.
The Canadian Dollar is also moving upward, with buying at Rs203.50 and selling at Rs207.01. Experts are saying education payments and immigration-related transfers are keeping the currency active.
Overall, forex analysts are observing that the rupee is continuing to move within a narrow band as supply and demand remain balanced, while traders are expecting controlled movements in the coming sessions.
PKR Weakening Against Dollar, Pound and Gulf Currencies – Today’s USD, GBP, AED, SAR, OMR, CAD Open Market Rates
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