The Pakistani rupee remained under strain in the open currency market on Tuesday, with a noticeable premium on the US dollar compared to the interbank rate, according to figures issued by the Exchange Companies Association of Pakistan.
In the open market, the American dollar was quoted at Rs 280.47 for buying and Rs 281.10 for selling. This contrasted with the interbank market, where the greenback concluded at Rs 280.07 and Rs 280.27 for buying and selling, respectively.
Meanwhile, other major international currencies also recorded high values against the local currency unit. The Euro was available for purchase at Rs 328.30 and for sale at Rs 331.45.
The Pound Sterling was trading at Rs 379.48 (buying) and Rs 382.72 (selling), maintaining its position as one of the most expensive foreign currencies.
Trading data also showed the Japanese Yen was being exchanged between Rs 1.77 and Rs 1.83.
Among Gulf currencies, the UAE Dirham was valued at Rs 76.47 for buying and Rs 77.24 for selling, and the Saudi Riyal was quoted at Rs 74.82 and Rs 75.41 for buying and selling transactions.