The State Bank of Pakistan published its mark-to-market exchange rates for 2 August, showing the rupee trading at PKR 282.72 per US dollar in the interbank market. The central bank’s daily schedule serves as a reference point for banks, importers and exporters when valuing their foreign-currency positions. Among other major currencies, the Saudi riyal opened at PKR 75.37, the UAE dirham at PKR 76.97 and the Kuwaiti dinar at PKR 923.40. The Canadian dollar stood at PKR 203.80, while the Qatari riyal was quoted at PKR 77.56. In European currencies, the euro was priced at PKR 322.70 and the pound sterling at PKR 372.68. The SBP also released one-month, three-month, six-month and one-year forward rates. These showed a gradual rise across most currencies, continuing a trend of incremental depreciation in the rupee over longer tenors. Traders use the forward curve to hedge import costs and remittance inflows, while businesses track the data to gauge inflationary pressure from imported goods.