Saudi Riyal in Pakistani Rupee Shows Slight Decline in Tuesday Trading

Saudi Riyal in Pakistani Rupee Shows Slight Decline in Tuesday Trading

The Saudi riyal in Pakistani rupee had a minimal decline in trading on Tuesday with the Pakistani rupee rate being readjusted at Rs74.04 for buying and Rs74.17 for selling. The slight decrease came after Monday when the Pakistani rupee rate had stood at Rs74.05 and Rs74.18 for buying and selling, respectively.

CurrencyDayBuying Rate (PKR)Selling Rate (PKR)
Saudi Riyal (SAR)Tuesday74.0474.17
Saudi Riyal (SAR)Monday74.2874.48

Market activity showed different rates for major currencies, with the Pakistani rupee rate moving differently against different denominations. While the Saudi riyal in Pakistani rupee showed minor movement, other currencies remained stable. US Dollar traded at Rs279.05 for selling and Rs278.55 for buying while Euro settled at Rs289.09 and Rs288.57 for selling and buying rates respectively.

Despite these minor fluctuations in the rate of Pakistani rupee, Saudi riyal in Pakistani rupee is still considered very valuable in the forex market. The rate still holds significance to the remittances sent from Saudi Arabia by Pakistani expatriates, underlining the significance of the SAR-PKR currency pair even in today’s world.

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