Pakistani Rupee exchange rate movements remained largely stable on Tuesday as the local currency posted a marginal gain against the US dollar during interbank trading, reflecting cautious optimism in Pakistan’s foreign exchange market amid steady money market conditions.
The Pakistani rupee appreciated by 0.87 paisa against the US dollar to close at PKR 280.15 per USD, compared to the previous session’s close of PKR 280.16. While the percentage change was negligible, the flat movement highlights continued stability in the exchange rate at a time when market participants are closely watching external financing flows and monetary policy signals.
During the trading session, the intraday high and low both remained at PKR 280.15, underscoring limited volatility in the interbank market.
Pakistani Rupee Exchange Rate in the Open Market
In the open market, exchange companies quoted the US dollar at PKR 280.50 for buying and PKR 281.25 for selling, indicating a slightly wider spread compared to the interbank rate. This difference reflects routine liquidity and demand dynamics typically observed in retail currency trading.
Pakistani Rupee Exchange Rate Against Major Global Currencies
The Pakistani rupee exchange rate showed mixed performance against major international currencies during the session:
• Against the Euro, the rupee strengthened by 20.64 paisa (0.06%), closing at PKR 329.64, compared to PKR 329.85 previously.
• The rupee weakened against the British Pound by 73.07 paisa (0.19%), settling at PKR 378.44 versus PKR 377.71 a day earlier.
• Against the Swiss Franc, the local unit gained 10.10 paisa (0.03%), closing at PKR 354.98.
• The rupee slipped 0.25 paisa (0.14%) against the Japanese Yen, ending the session at PKR 1.7968.
• Against the Chinese Yuan, the rupee depreciated by 10.02 paisa (0.25%), closing at PKR 40.07.
Pakistani Rupee Exchange Rate Versus Gulf Currencies
The Pakistani rupee recorded marginal movements against regional currencies:
• It strengthened slightly against the Saudi Riyal, rising by 0.44 paisa to close at PKR 74.69.
• Against the UAE Dirham, the rupee edged lower by 0.18 paisa, settling at PKR 76.28.
These movements remain largely in line with fluctuations in the US dollar, to which both Gulf currencies are pegged.
Pakistani Rupee Exchange Rate: Fiscal Year and Calendar Year Performance
From a broader perspective, the Pakistani rupee exchange rate has shown improvement over the current fiscal year. Since the start of FY26, the rupee has gained PKR 3.61 against the US dollar, representing an appreciation of 1.29%.
However, on a calendar-year basis, the rupee remains under pressure, having declined by PKR 1.60, or 0.57%, so far in 2025. This divergence highlights the impact of seasonal inflows, external debt repayments, and evolving macroeconomic conditions.
Money Market Update and Interest Rate Environment
In the money market, conditions remained stable. The benchmark 6-month Karachi Interbank Offered Rate (KIBOR) stayed unchanged, with the bid rate at 10.40% and the offer rate at 10.65%. The unchanged rates indicate expectations of near-term monetary policy stability following recent decisions by the State Bank of Pakistan.
Outlook for the Pakistani Rupee Exchange Rate
Going forward, analysts expect the Pakistani rupee exchange rate to remain range-bound in the short term. Factors such as import payments, IMF-related developments, remittance inflows, and global dollar strength will continue to influence currency movements. Sustained macroeconomic discipline and stable interest rates are likely to support the rupee’s gradual stabilization.