KEY POINTS
- The rupee closed at Rs280.92 per dollar in the interbank market, rising by Rs 0.04 according to the SBP.
- The open market rate remains near Rs 282.70, as reported by the Exchange Companies Association of Pakistan (ECAP).
- The narrow gap between the two markets indicates balanced demand and supply.
- Analysts attribute this stability to steady remittances and limited pressure from imports.
ISLAMABAD: The Pakistani rupee moved slightly higher against the US dollar on Thursday, maintaining overall stability in both interbank and open market exchanges.
Data from the State Bank of Pakistan (SBP) show the rupee closed at Rs 280.92 per dollar, up Rs 0.04 from the previous day.
In the open market, rates quoted by the Exchange Companies Association of Pakistan (ECAP) indicate the dollar trading around Rs 282.70.
The small difference between the two markets suggests subdued demand and steady foreign inflows.
Dealers note that remittances before month-end and restrained import payments are helping to contain volatility.
Currency analysts observe that, while sentiment remains largely stable, upcoming external repayments and global dollar trends could influence the direction in the coming sessions.
