Karachi: Pakistan’s open market today witnessed a slight fluctuation in the rates of foreign currencies, where the US dollar was bought at Rs 280.60 and is being sold at Rs 282.10. According to forex experts, despite the slight stability in the value of the rupee, the impact of the dollar’s strength in the global market is also being seen on the Pakistani forex market.
Rates of other currencies also recorded minor fluctuations. The British pound was bought at Rs 363.75 and sold at Rs 367.25, while the euro was bought at Rs 305.50 and sold at Rs 308.25.
The currencies of Asian and Gulf countries also witnessed stability. The Saudi riyal is buying and selling at Rs 74.75 and selling at Rs 75.30, while the Emirati dirham is selling at Rs 76.15 and selling at Rs 76.80.
Other important currency rates are as follows:
Canadian Dollar: Buy Rs 196.85, sell Rs 199.25
Australian Dollar: Rs 177.50 for buying and Rs 179.75 for selling
Chinese Yuan: Buy Rs 37.55, sell Rs 37.95
Japanese Yen: Buy Rs 1.89, sell Rs 1.95
According to experts, if the value of the rupee stabilizes further, the rate of the dollar and other currencies is likely to decrease in the coming days.
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