KARACHI (Dunya News) - The Pakistani rupee posted a modest gain against the US dollar in the interbank market on Wednesday, continuing a gradual trend of currency stabilisation.
According to the State Bank of Pakistan, the US dollar slipped by three paisas by the close of trading, settling at Rs278.72 compared to the previous rate of Rs278.75.
Currency dealers attributed the marginal decline in the dollar’s value to improved balance between demand and supply in the foreign exchange market. A slight reduction in import-related payments is also believed to have eased pressure on the local currency.
Market analysts noted that while the change remains minor, it reflects a degree of stability in the exchange rate after recent fluctuations. They added that consistent trends in reduced external payments and controlled demand for foreign currency could support further strengthening of the rupee in the coming sessions.
The interbank market remains a key indicator of currency movement, closely watched by investors, businesses, and policymakers for signals about the broader economic outlook.
Experts cautioned, however, that sustained improvement in the rupee’s value would depend on macroeconomic factors, including foreign inflows, trade balance, and overall market confidence.