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Rupee Holding Ground as Dollar, Pound, Riyal, Dirham, Omani and Canadian Currencies Trade in Narrow Range

Web Desk 3 months ago 0

Pakistan’s open currency market is witnessing steady trading today, with key global currencies showing limited fluctuations as overseas remittances continue flowing into the country.
The US Dollar is trading in a tight band at Rs. 280.60 for buying and Rs. 282.30 for selling, remaining the backbone of trade and freelance income.
Among Gulf currencies, the Saudi Riyal is exchanging at Rs. 74.85–75.35, and the UAE Dirham at Rs. 76.55–77.35, reflecting strong financial ties with Middle Eastern job markets. Families depending on workers abroad are continuing to benefit from these consistent inflows.
The Omani Riyal, valued much higher than most currencies, is being bought at Rs. 728.25 and sold at Rs. 737.77, providing significant purchasing power to recipients in Pakistan.
At the same time, the British Pound is trading at Rs. 385.04 buying and Rs. 389.51 selling, and the Canadian Dollar at Rs. 206.05 buying and Rs. 209.61 selling, as migrants, students, and professionals in the UK and Canada are regularly transferring money to support relatives.
Experts say these steady movements are helping the rupee stay balanced, while remittances remain a key pillar of Pakistan’s economy.

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