Karachi: The US dollar is continuing to trade at stable yet elevated levels against the Pakistani rupee in today’s currency market, reflecting ongoing pressure on the country’s external account.
In the interbank market, the US dollar is being traded at Rs. 279.10 (buying) and Rs. 279.60 (selling). Meanwhile, in the open market, the dollar is slightly higher, recorded at Rs. 279.50 (buying) and Rs. 280.20 (selling).
The narrow gap between interbank and open market rates is indicating relative stability, but the rupee is still facing structural pressure due to import dependence. The higher dollar value continues to increase the cost of essential imports, including petroleum, machinery, and raw materials.
For Pakistan’s economy, a strong dollar is directly impacting inflation, as imported goods become more expensive. Exporters, however, are gaining some advantage, as their earnings in foreign currency translate into higher rupee returns.
The current trend suggests that the rupee is moving cautiously, with global trade balances and foreign exchange inflows playing a critical role in determining its direction.
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