According to the latest data released by the Exchange Companies Association of Pakistan, the Pakistani rupee remained under significant pressure on Monday at the start of the business week, with the US dollar selling as high as Rs282.10 in the open market.
The greenback”s buying price was recorded at Rs 281.57, indicating a narrow spread but maintaining its strong position against the local currency. This high exchange level for the dollar is a key indicator reflecting the ongoing economic challenges.
Other major international currencies also demonstrated strength against the rupee. The Euro was quoted with a buying value of Rs 328.16 and a selling price of Rs 331.50, making it one of the most expensive foreign currencies in the local market.
Similarly, the British Pound Sterling was being traded at a high benchmark, with its purchasing rate at Rs 378.25 and its selling value reaching Rs 381.69.
In terms of currencies from the Middle East, the UAE Dirham was available for purchase at Rs 76.80 and for sale at Rs 77.57. The Saudi Riyal was valued at Rs 75.06 for buying and Rs 75.65 for selling.
The Japanese Yen registered a buying rate of Rs 1.84 and a selling figure of Rs 1.90, as per the data provided by the association.