Karachi – The Pakistani rupee remained steady against the Saudi Riyal on Friday as the Gulf currency continued to trade within a stable range.
In the open market, the Saudi Riyal was quoted at Rs 74.50 for buying and Rs 75.70 for selling.
In the interbank market, the Riyal was recorded at Rs. 74.35 for buying and Rs. 74.48 for selling.
The Saudi Riyal’s exchange rate remained crucial for Pakistan’s economy because of strong worker remittances from Saudi Arabia, one of the country’s largest sources of foreign exchange inflows.
A stable Riyal helped preserve the rupee value of remittances sent by overseas workers, supporting household finances and consumer demand.
