The Pakistani Rupee displayed a minor disparity between the interbank and open market rates against the US Dollar on Monday, with the greenback trading at a slightly higher value in the open market, according to figures released by the Exchange Companies Association of Pakistan.
In the open market, the American currency was quoted with a buying rate of Rs 280.17 and a selling rate of Rs 280.75. This contrasted with the interbank market, where the dollar was valued at Rs 279.70 for buying and Rs 279.90 for selling.
Meanwhile, other key international currencies maintained a strong position against the local unit. The British Pound Sterling was traded at Rs 380.78 for buying and Rs 384.20 for selling, representing one of the highest values among major currencies.
The Euro also demonstrated a robust standing, with its purchasing price recorded at Rs 331.48 and its sale price at Rs 334.36. The Japanese Yen was valued at Rs 1.77 and Rs 1.83 for its respective buying and selling rates.
Among prominent regional currencies, the UAE Dirham was exchanged at Rs 76.55 for buying and Rs 77.29 for selling. The Saudi Riyal’s rates were noted at Rs 74.83 for purchasing and Rs 75.39 for selling.