The Pakistani rupee displayed a largely stable trend in Friday’s interbank trading session, with only limited fluctuations observed against major international currencies.
Official market data showed the US dollar being traded at Rs278.25 for buying and Rs278.75 for selling. The rate suggests continued stability in the foreign exchange market amid ongoing efforts to manage external account pressures.
The British Pound remained strong at Rs372.27 for buying and Rs372.94 for selling, while the Euro traded at Rs321.99 and Rs322.57 respectively.
Among Gulf currencies, the UAE Dirham was quoted at Rs75.77 for buying and Rs75.91 for selling. The Saudi Riyal stood at Rs74.13 and Rs74.26 respectively, rates closely watched by overseas Pakistanis and businesses involved in regional trade.
Analysts believe currency market sentiment remains linked to remittance inflows, import demand and broader global economic conditions. Any significant shift in oil prices or international monetary policy could influence exchange rate movements in the coming weeks.
For businesses and consumers, stable currency rates provide a degree of predictability in pricing, trade transactions and financial planning.