Today's USD Exchange Rates: Rupee Declines Against Major Currencies

On Monday, the US dollar surged to Rs278.05, according to the latest foreign exchange report from the National Bank of Pakistan (NBP). The buying rate for the dollar currently sits at Rs277.55, reflecting the continued depreciation of the Pakistani rupee.

Other major currencies also saw notable shifts. The euro is priced at Rs310.62 for selling, with a buying rate of Rs310.06. The British pound climbed to Rs372.58, while its buying rate is Rs371.91. The Canadian dollar is being sold at Rs206.01, with a buying rate of Rs205.64, and the Australian dollar is available at Rs193.00 for selling, and Rs192.65 for buying.

Among Gulf currencies, the UAE dirham stands at Rs76.29 for selling and Rs76.15 for buying, while the Saudi riyal is priced at Rs74.19 for selling and Rs74.06 for buying.

The sharp increase in foreign currency rates, particularly the US dollar, comes amid Pakistan’s ongoing economic challenges, including rising inflation and depleting foreign reserves. Analysts are keeping a close eye on the exchange rates as the rupee continues to weaken under pressure.

The International Monetary Fund (IMF) has approved a $7 billion bailout package for Pakistan under its Extended Fund Facility (EFF), marking the country’s 25th IMF programme. The initiative aims to stabilise the economy, boost tax revenue, and manage fiscal risks. The programme also requires Pakistan to introduce new taxes, reduce subsidies, and transfer responsibility for health and education to provincial governments.

Here’s the complete list of buying and selling rates: