Islamabad, Mar 2025: Pakistani Rupee Stabilizes Against US Dollar, Weakens Further Against Euro on Thursday, halting a two-day losing streak with a marginal appreciation in the interbank market.
By the end of the trading session, the PKR closed at 279.82 per USD, reflecting an increase of Rs. 0.05 or 0.02 percent from its previous closing value of 279.87 on Wednesday, when the rupee had weakened by Rs. 0.10.
Meanwhile, the euro witnessed a notable jump, rising by Rs. 3.73 to settle at Rs. 302.07, compared to the previous closing rate of Rs. 298.34, as per data released by the State Bank of Pakistan (SBP).
The Japanese yen saw a slight increase of one paisa, closing at Rs. 1.88, while the British pound also strengthened, gaining Rs. 2.34 to reach Rs. 361.03 from its prior value of Rs. 358.69.
Conversely, the exchange rates for the Emirates Dirham (AED) and the Saudi Riyal (SAR) experienced minor declines, dropping by two paisas each to settle at Rs. 76.18 and Rs. 74.59, respectively.
The Pakistani Rupee Stabilizes Against US Dollar in the latest trading session, offering a sigh of relief to market watchers. However, the local currency continued to weaken against the Euro, reflecting fluctuations in global exchange trends.
Experts suggest that the Rupee’s steady position against the Dollar is due to improved foreign exchange reserves and controlled import bills.
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The State Bank’s recent monetary policies have also contributed to maintaining stability in the interbank market. Meanwhile, the Euro’s upward movement against the Rupee is being attributed to strong European economic indicators and increasing demand for the currency in international trade.
Currency analysts believe that while the Rupee’s stability against the Dollar is a positive sign, its continued depreciation against the Euro could pose challenges for importers dealing with European markets.
The widening gap between the Rupee and Euro exchange rate might also impact inflation and trade balances in the coming weeks.
Financial experts recommend keeping a close watch on global economic shifts, as any changes in oil prices, trade policies, or foreign investments could influence the Rupee’s trajectory.
The currency market is expected to remain volatile, with future trends hinging on both domestic economic policies and international financial developments.
The slight rebound in the Pakistani Rupee Stabilizes Against US Dollar comes amid ongoing fluctuations in the currency market, driven by economic indicators, global trends, and investor sentiment.
While the rupee’s appreciation offers temporary relief, market experts suggest that exchange rate stability will depend on foreign inflows, trade balance improvements, and policy measures by the SBP.
