The Pakistani rupee remained largely stable against the US dollar on Tuesday, trading at Rs 282.9 in the open market, while the selling rate stood at Rs 283.70. The interbank rate also hovered at Rs 282.9, reflecting little change from the previous session.
Currency traders said the rupee’s performance highlights relative calm in the foreign exchange market despite global economic pressures and local concerns over trade deficits. The dollar’s stability follows weeks of managed fluctuations under the central bank’s supervision.
Other major currencies showed mild movement. The British pound traded between Rs 381.30 and Rs 383.30, while the euro stood at Rs 328.50 for buying and Rs 330.30 for selling. The Saudi riyal and UAE dirham traded at Rs 76 and Rs 77.60 respectively, maintaining their usual peg to the dollar.
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Among regional currencies, the Indian rupee traded between Rs 3.14 and Rs 3.23, while the Chinese yuan exchanged at Rs 39.03 to Rs 39.43.
Analysts said the rupee’s stability reflects steady foreign inflows and improved confidence after Pakistan secured multilateral financing. However, they cautioned that pressures could re-emerge if import demand rises sharply.
