Rupee shows range-bound movement against key currencies

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A man counts US dollar banknotes at a currency exchange shop. — Reuters/File
A man counts US dollar banknotes at a currency exchange shop. — Reuters/File

Pakistan’s open market currency rates as of 11:39am PST on Thursday, February 26, 2026 indicate that the rupee is trading within ranges observed earlier this month, based on historical charts available on forex.pk.

In the open market, the US Dollar was quoted at Rs282.30 for buying and Rs282.30 for selling, while the interbank market showed the dollar around Rs279.40 for buying and Rs279.90 for selling.

The Australian Dollar was quoted at Rs197.4 for buying and Rs201.05 for selling, positioning it within the high-190s to near-200 band that has been visible through much of February.

The Canadian Dollar stood at Rs203.4 on the buying side and Rs206.9 on the selling side, slightly below levels seen earlier in the month when it was trading above Rs204 in the open market, but still within the broader range recorded on recent charts.

The Japanese Yen was available at Rs1.78 for buying and Rs1.88 for selling, matching the corridor reflected in forex.pk’s recent data, suggesting limited deviation from earlier February pricing.

Meanwhile, the Singapore Dollar was quoted at Rs219.28 and Rs223.22, keeping it within the upper band near Rs219 to Rs224 that has characterized its movement in recent weeks.

In the Gulf segment, the Saudi Riyal was trading at Rs74.75 for buying and Rs75.5 for selling, while the UAE Dirham stood at Rs76.3 and Rs77.3 respectively.

Historical comparisons from earlier in February show both currencies moving within similar mid-Rs74 to Rs77 ranges, indicating that current quotations fall in line with their recent pricing patterns.

Based on available chart data, today’s open market rates do not indicate a break from the trading bands established over recent weeks.

However, without longer-term comparative data or interbank market context, broader directional conclusions remain limited.

Market participants will continue to watch demand dynamics, remittance-related flows tied to Gulf currencies, and external global currency movements for further signals on the rupee’s trajectory.

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