The Pakistani rupee continued to face significant strain against major international currencies on Tuesday, with the US dollar maintaining its strong position above the 281 mark in both interbank and open markets, reflecting persistent economic pressure.
According to figures released by the Exchange Companies Association of Pakistan, the American greenback was quoted at 281.61 for buying and 282.20 for selling in the open market. The currency’s standing was similarly robust in the interbank market, where it was pegged between 281.15 and 281.35.
The local currency’s depreciation was also evident against other key global currencies. The Euro registered a high value, trading between 325.52 and 328.98. The British Pound Sterling was also trading at a lofty level, with its exchange rate documented between 374.80 and 378.99.
In trading against currencies from the Middle East, the UAE Dirham was valued at 76.77 for buying and 77.54 for selling. Similarly, the Saudi Riyal was priced at 75.03 and 75.66 for buying and selling, respectively.
The Japanese Yen was recorded at an exchange value of 1.83 for buying and 1.89 for selling, according to the latest data from the association.