The Pakistani rupe was largely stable against the dollar on Tuesday, while showing slight fluctuations against other important currencies.
The main products such as oil are mainly negotiated in US dollars, while several economies, including Saudi Arabia, continue to fix their currencies to the backback.
According to the Rate sheet of the National Bank of Pakistan (NBP), The rupee closed almost unchanged against the US dollar, with the currency that was sold at RS282.50 and bought at RS282.00, compared to RS282.45/281.95 per day before. This reflects only a change of 0.02%.
The euro fell to RS329.68 (sale) and RS329.10 (purchase), 0.29% less than the levels of Monday of RS330.63/330.04. British pound also decreased, quoting RS381.76 and RS381.09, marking a 0.31%decrease.
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The Canadian dollar saw an increase less than RS204.79/204.43, increasing around 0.07%, while the Australian dollar fell to RS183.46/183.14, a decrease of 0.37% compared to Monday.
In the Gulf region, the EAU Dirham advanced to RS77.54/77.40 from RS77.43/77.29, while the Saudi Riyal rose to RS75.37/75.24 of RS75.27/75.14. Qatari Riyal softened slightly to RS77.98/77.84, below RS78.36/78.22.
Swiss francs remained almost flat at RS350.26/349.65 versus RS350.41/349.79 a day before. The Kuwaiti Dinar, meanwhile, exceeded RS925.15 to sell and RS923.52 to buy, compared to RS924.85/923.22 above.
At the same time, the Pakistan Stock Exchange extended its bullish impulse, with the KSE-100 index crossing the 149,500 mark today.
