The Pakistani rupee showed a minor decline of 05 paisa against the US dollar in interbank trading on Tuesday (March 5), closing at Rs 279.31 compared to the previous day’s Rs 279.26. However, in the open market, the dollar’s buying and selling rates were reported by the Forex Association of Pakistan (FAP) at Rs 279.3 and Rs 282.3, respectively.
Against the other conterparts, the euro witnessed a marginal decrease of 01 paisa, closing at Rs 303.08. The Japanese yen remained stable at Rs 185. The British pound saw a slight increase of 12 paisa, closing at Rs 354.12 compared to the previous day’s Rs 354.02, according to the State Bank of Pakistan report.
Additionally, the exchange rates of the Emirates dirham and the Saudi riyal each increased by 01 paisa, closing at Rs 76.04 and Rs 74.47, respectively.
These fluctuations in currency exchange rates highlight the ongoing dynamics in the foreign exchange market, influenced by various economic factors both domestically and internationally.