USD Exchange Rate: Rupee weakens against USD and GBP

The rupee has weakened against the USD, GBP, and other major currencies, while making modest gains against the euro, according to the latest exchange rates updated on Monday.

The indicative buying rate for the US dollar stood at Rs278.05 for selling and Rs277.55 for buying.

The British Pound (GBP) was quoted at Rs363.12 for selling and Rs362.47 for buying.

Additionally, Euro (EUR), stood at Rs303.79 for selling and Rs303.25 for buying.

Meanwhile, Canadian Dollar (CAD) was priced at Rs201.85 for selling and Rs201.49 for buying.

The Australian Dollar (AUD) was listed at Rs187.41 for selling and Rs187.07 for buying.

In the Gulf region, U.A.E Dirham (AED), is valued at Rs76.22 for selling and Rs76.08 for buying and Saudi Riyal (SAR) is at Rs74.06 for selling and Rs73.92 for buying.

On the other hand, Qatar Riyal (QAR) is priced at Rs76.28 for selling and Rs76.15 for buying.

Bahraini Dinar (BHD) stood at Rs739.21.

Among other notable currencies, Swiss Franc (CHF) was valued at Rs323.99 for selling and Rs323.41 for buying.

Lastly, the Kuwaiti Dinar (KWD) commands the highest value in the market at Rs908.33 for selling and Rs906.70 for buying.

Earlier today, the volume of remittances from overseas Pakistanis through Roshan Digital Accounts (RDA) exceeded $8.749 billion.

According to the State Bank, overseas Pakistanis have so far invested $1.532 billion through RDA.

They have invested $380 million in conventional Naya Pakistan Certificates, $656 million in Islamic Naya Pakistan Certificates, and $41 million in the Pakistan Stock Exchange.

Investments include $656 million in Naya Pakistan Certificates and $41 million in the Pakistan Stock Exchange.