The Pakistani Rupee remained under pressure against major international currencies in the open market on Tuesday, with the US dollar maintaining a slight premium over its interbank rate, according to data released by the Exchange Companies Association of Pakistan.
The American dollar was quoted at Rs280.10 for buying and Rs280.66 for selling in the open market. In comparison, the interbank market concluded with the greenback at Rs279.60 and Rs279.80 for its respective buying and selling rates.
The Euro and the pound sterling also displayed robust values against the local currency. The single European currency was trading at Rs331.22 for buying and Rs334.13 for selling.
Meanwhile, the British pound was available at a buying price of Rs. 380.54 and a selling price of Rs. 383.89.
In trading for prominent Middle Eastern currencies, the UAE Dirham was recorded at Rs76.47 (buying) and Rs77.20 (selling), while the Saudi Riyal was priced at Rs74.74 for buying and Rs75.33 for selling.
The Japanese Yen was valued at Rs1.80 for buying and Rs1.86 for selling, according to the day’s financial figures.