The Pakistani rupee demonstrated notable movement in currency trading on Tuesday, with a discernible disparity emerging between the interbank and open market rates for the US dollar, according to figures released by the Exchange Companies Association of Pakistan.
In the open market, the American currency was quoted with a buying price of PKR 281.40 and a selling price of PKR 281.90. This contrasted with the interbank market, where the greenback concluded at PKR 280.87 for buying and PKR 281.07 for selling.
The Euro registered rates of PKR 323.39 for buying and PKR 326.86 for selling, solidifying its position as a high-value currency in local trading. Meanwhile, the British Pound Sterling was traded at PKR 368.23 on the buying side and PKR 373.14 on the selling side.
Exchange rates for key Middle Eastern currencies were also provided, with the UAE Dirham listed at PKR 76.67 (buying) and PKR 77.50 (selling). The Saudi Riyal was recorded at a buying rate of PKR 74.96 and a selling rate of PKR 75.58.
The Japanese Yen was available at PKR 1.81 for purchase and PKR 1.87 for sale.