**Date**: July 21, 2025
**Location**: Karachi, Pakistan
**Category**: Forex | Economy | Business
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## 📰 Summary:
On Monday, the Pakistani Rupee (PKR) slightly depreciated by 09 paisa against the US Dollar in the interbank market, closing at Rs 284.95. Meanwhile, marginal gains were observed in other key international currencies including the Euro, British Pound, Japanese Yen, UAE Dirham, and Saudi Riyal.
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## 💱 PKR vs USD – Slight Dip in Interbank Market
According to the **State Bank of Pakistan (SBP)**, the Rupee ended the day at **Rs 284.95**, down by **09 paisa** compared to **Friday’s closing rate of Rs 284.86** in interbank trading.
This reflects the ongoing volatility in the forex market, driven by fluctuating oil prices, import pressures, and economic uncertainty.
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## 💸 Open Market Rates – Dollar Slightly Higher
As per data from the **Forex Association of Pakistan (FAP)**, the open market rate of the US Dollar remained higher than interbank:
* **Buying**: Rs 288.30
* **Selling**: Rs 288.60
This gap continues to reflect the supply-demand dynamics for the greenback in the open market.
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## 🌍 Euro, Pound & Other Currencies Show Minor Gains
In addition to the Dollar, slight upward movements were recorded in several major currencies:
* **Euro** rose by Rs 0.11 to **Rs 331.65** (Previous: Rs 331.54)
* **British Pound** increased by Rs 0.24, closing at **Rs 383.04** (Previous: Rs 382.80)
* **Japanese Yen** gained Rs 0.01, reaching **Rs 1.92**
* **Emirates Dirham** appreciated by Rs 0.03 to **Rs 77.58**
* **Saudi Riyal** edged up by Rs 0.02, settling at **Rs 75.96**
These minor shifts are attributed to changes in international currency demand, remittances, and foreign trade settlements
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## 📊 Forex Market Trends – What’s Driving the Movement?
Key factors influencing the current exchange rate trends include:
* Rising international oil prices
* Dollar demand for import payments
* Fluctuating foreign reserves
* IMF program uncertainty
* Seasonal remittances inflow
Despite a minor loss against the Dollar, the Rupee’s relatively stable performance against other currencies offers a mixed outlook for Pakistan’s currency market.
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## 🔎 Expert Opinion
Financial analysts believe the Rupee’s short-term trajectory will depend on the outcome of ongoing talks with global financial institutions and upcoming economic data.
*”Although the Rupee is under slight pressure against the Dollar, strong remittance inflows and export support measures may provide relief in the coming weeks,”* said a Karachi-based currency analyst.
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## 📌 Latest Interbank Exchange Rates (July 21, 2025)
| Currency | Previous Rate | New Rate | Change |
| ——————— | ————- | ——— | —— |
| US Dollar (USD) | Rs 284.86 | Rs 284.95 | -0.09 |
| Euro (EUR) | Rs 331.54 | Rs 331.65 | +0.11 |
| British Pound (GBP) | Rs 382.80 | Rs 383.04 | +0.24 |
| Japanese Yen (JPY) | Rs 1.91 | Rs 1.92 | +0.01 |
| Emirates Dirham (AED) | Rs 77.55 | Rs 77.58 | +0.03 |
| Saudi Riyal (SAR) | Rs 75.94 | Rs 75.96 | +0.02 |
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## ✅ Conclusion
The Rupee’s slight depreciation against the Dollar is part of a broader currency market fluctuation. With minor gains in the Euro, Pound, Dirham, Riyal, and Yen, the forex market in Pakistan continues to show mixed signals. All eyes remain on external financial support and macroeconomic policies as the country navigates its currency challenges.
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