Forex Market Update: PKR Stable Against Major Currencies
Karachi: Forex prices published today, Monday, showed the Pakistani rupee stable on the open market. US Dollar buying and selling at Rs 278.05 and Rs 279.55 showed constant demand and supply patterns.
Other major currencies were the euro at Rs 288.75 and Rs 291.50 and the UK pound sterling at Rs 348.20 and Rs 351.70. The Chinese Yuan traded at Rs 37.99 and Rs 38.39, unchanged.
The Saudi Riyal and UAE Dirham were trading at Rs 73.80 and Rs 75.45 for purchasing and Rs 74.35 and Rs 76.10 for selling. The Australian Dollar and Canadian Dollar sold for Rs 177.00 and Rs 197.00 and were bought for Rs 174.75 and Rs 194.60.
As it navigates global economic trends and domestic budgetary concerns, the rupee benefits from currency market stability.
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