Business Desk 
Feb 27, 2024
The Pakistani rupee remained largely stable at around Rs279.27 against the US dollar in the interbank market on Tuesday, in line with its previous session’s performance with optimism over foreign currency inflows soon.
According to the State Bank of Pakistan’s (SBP) data, the domestic currency inched down 0.03%, or Rs0.08, to close at Rs279.28 against the greenback.
In the open market, the rupee was trading at 282.2 for selling and Rs279.3 for buying.
Let’s take a look at the Euro rate in Pakistan, the Saudi Riyal rate in Pakistan, the Pound rate in Pakistan, etc.
Pakistan Open Market Forex Rates
| Currency | Buying | Selling |
| Australian Dollar | 181.1 | 183.1 |
| Canadian Dollar | 207.1 | 209.1 |
| China Yuan | 38.87 | 39.27 |
| Euro | 303.1 | 306.1 |
| Japanese Yen | 2.1 | 2.18 |
| Saudi Riyal | 74.25 | 75.05 |
| UAE Dirham | 76.1 | 76.8 |
| UK Pound Sterling | 351.6 | 355.1 |
| US Dollar | 279.3 | 282.2 |
It should be noted that due to the holy month of Ramadan, currency dealers anticipate an increase in remittances during the next two weeks. This will increase the levels of dollar liquidity even more. But there will also be a rise in demand for cash for Umrah. In the near term at least, it is anticipated that the rupee would stay range-bound due to positive economic signals.
