Saudi Riyal Steadies at Rs 76.85 Against Rupee on July 16, 2025
On July 16, 2025, the Saudi Riyal (SAR) remained steady against the Pakistani Rupee (PKR), with the open-market rate at Rs 76.85, virtually unchanged from the previous day. The interbank rate mirrored this calm, hovering just below at Rs 76.60.
This stability follows a recent narrow trading band observed over the past week, where the Saudi Riyal fluctuated between Rs 76.50 and Rs 77.00. Minor moves reflect routine demand for Gulf remittance and import-related transfers.
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Analysts note that the Riyal’s fixed peg to the US Dollar, combined with modest remittance inflows and balanced demand from importers, has kept the exchange rate relatively calm. With the US Dollar showing mixed strength recently, the Riyal has remained range-bound against the rupee.
Looking Ahead
The Riyal is expected to move within the Rs 76.50–77.20 corridor in the near term. Significant deviations—either upward or downward—are likely only if there’s a sudden surge in remittances around Eid or if the State Bank intervenes with forex sales.
Expert View
A Karachi-based currency strategist comments: “As long as Gulf remittance flows remain consistent, the SAR/PKR rate is likely to stay steady. However, any seasonal remittance uptick or import demand spike could temporarily shift the balance.” Households and businesses converting Saudi Riyals can plan with confidence, though they should remain alert to any sudden remittance-related fluctuations.
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