On the first trading day of the week, the Pakistani rupee showed minor depreciation against the US dollar amid ongoing economic uncertainties.
- In the interbank market, the dollar rose by 11 paisas, closing at Rs. 282.77.
- In the open market, it increased by 5 paisas, ending at Rs. 280.80.
Market analysts attribute the slight rise in the dollar to import-related payments, cautious investor sentiment, and ongoing IMF negotiations that continue to add uncertainty to the currency market.
Despite the uptick, experts note that the rupee has remained relatively stable compared to previous months, with fluctuations largely reflecting short-term trading dynamics.
Currency dealers expect moderate demand for the dollar in the near term, closely watching foreign inflow trends and government economic policies.
