Rupee edges up one paisa against dollar in interbank trading

The rupee appreciated by one paisa against the US dollar in interbank trading on Thursday, closing at Rs 276.85 compared with the previous day's Rs 276.86, according to the State Bank of Pakistan.

In the open market, the Forex Association of Pakistan reported buying and selling rates of Rs 277.50 and Rs 280.15 respectively for the dollar.

The State Bank's rates showed the euro rising Rs 0.49 to close at Rs 311.14, against Rs 310.65 the previous day. Sterling gained Rs 0.51 to Rs 371.21 from Rs 370.70, and the Japanese yen added one paisa to Rs 1.76.

Among other currencies, the Emirate Dirham rose one paisa to Rs 75.38, while the Saudi Riyal was unchanged at Rs 73.80.

The one-paisa interbank move is within the range of routine daily fluctuation and does not by itself signal a shift in the currency's direction.