PKR vs USD Exchange Rate USD / PKR

The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Friday.

At close, the local currency settled at 278.25, a gain of Re0.01 against the greenback.

On Thursday, the local unit closed at 278.26.

Meanwhile, the dollar index hit a new 13-month high, fuelled by a firm pledge from new Federal Reserve Chair Kevin Warsh to tackle inflation and ensure price stability. That has prompted traders to assume there will be at least one rate hike this year, compared with a negligible possibility a couple of weeks ago.

The shift in tone from the Fed has hit Treasuries hard. Two-year yields are nearly 10 basis points higher than they were this time last ⁠week, while benchmark 10-year yields have fallen 3 basis points to 4.451%.

That reflects investors pricing in the chances of near-term rate rises, while gaining some confidence that these could prove short-lived given the drop in the oil price.

The cash US bonds market was closed on Friday for the Juneteenth holiday.

With the dollar in the ascendant, the yen ⁠stayed on the back-foot to trade around 161.3 , leaving the U.S. currency at its strongest since last July, and well beyond the 160-threshold that most see as a trigger for Japanese intervention.

Brent crude fell on Friday after Israel and ‌Hezbollah agreed to a ceasefire, easing concerns over disruptions to Middle East oil supplies and raising hopes of broader de-escalation involving the United States and Iran.

Brent crude futures were down 85 cents, or 1.1%, at $79 a barrel by 1303 GMT, and were heading for a weekly decline of 9.5%.

Inter-bank market rates for dollar on Friday

BID Rs 278.25

OFFER Rs 278.45

Open-market movement

In the open market, the PKR lost 9 paise for buying and gained 1 paisa for selling against USD, closing at 278.64 and 279.54, respectively.

Against Euro, the PKR gained 1.71 rupee for buying and 1.33 rupee for selling, closing at 319.21 and 322.99, respectively.

Against UAE Dirham, the PKR gained 1 paisa for buying and lost 2 paise for selling, closing at 75.95 and 76.59, respectively.

Against Saudi Riyal, the PKR gained 1 paisa for buying and lost 2 paise for selling, closing at 74.28 and 74.87, respectively.

Open-market rates for dollar on Friday

BID Rs 278.64

OFFER Rs 279.54

At close, the local currency settled at 278.26, a gain of Re0.01 against the greenback.

On Wednesday, the local unit closed at 278.27.

Meanwhile, the US dollar clung to a more than two-month high on Thursday as markets ramped up wagers on Federal Reserve rate ​hikes this year, heaping fresh pressure on the Japanese yen toward intervention ‌territory.

The euro last traded a shade stronger at $1.1511 and sterling ​strengthened to $1.3318 , after the currencies touched two-month lows earlier.

The risk-sensitive Australian dollar ​and the New Zealand dollar were both up roughly 0.2% to $0.7025 and $0.5780, respectively.

The dollar index, which ‌measures ⁠the greenback against a basket of currencies including the yen and the euro, was little changed at 100.31.

It surged 0.85% to the strongest level since March 31 in the previous session, in its biggest single-day gain since March 2.

Oil ​prices fell almost 3% on Thursday to their lowest since the first trading day of ‌the Iran war, as a US-Iran interim deal to end the conflict, reopen the Strait of Hormuz and ease sanctions on Tehran boosted the global supply outlook.

Brent crude futures were down $1.53, or 1.9%, at $78.02 a barrel at 1326 GMT, while U.S. West Texas Intermediate ​fell $2.22, or 2.9%, to $74.57 a barrel.

Inter-bank market rates for dollar on Thursday

BID Rs 278.26

OFFER Rs 278.46

Open-market movement

In the open market, the PKR gained 15 paise for buying and 2 paise for selling against USD, closing at 278.55 and 279.55, respectively.

Against Euro, the PKR gained 2.45 rupees for buying and 2.17 rupees for selling, closing at 320.92 and 324.32, respectively.

Against UAE Dirham, the PKR lost 1 paisa for buying and gained 3 paise for selling, closing at 75.96 and 76.57, respectively.

Against Saudi Riyal, the PKR lost 3 paise for buying and gained 2 paise for selling, closing at 74.29 and 74.85, respectively.

Open-market rates for dollar on Thursday

BID Rs 278.55

OFFER Rs 279.55

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee posted marginal gain, appreciating 0.01%, against the US dollar in the inter-bank market on Wednesday.

At close, the local currency settled at 278.27, a gain of Rs0.03 against the greenback.

On Tuesday, the local unit closed at 278.30.

The dollar eased on Wednesday ahead of the Federal Reserve’s first policy decision under ​Chair Kevin Warsh.

The yen found little respite against a weaker greenback and teetered further into intervention territory.

The euro steadied at $1.1611 while sterling was little ​changed at $1.3430.

The New Zealand dollar edged slightly higher to $0.5833.

Against a basket of ‌currencies, the ⁠dollar eased slightly to 99.53, unwinding some of its safe-haven gains made as details emerged of the US and Iran’s interim agreement to end the war in the Middle East.

Oil prices rose more than 1% on Wednesday after US President Donald Trump said the new ceasefire agreement with Iran was not final and the Iran war could resume if he was unsatisfied, but concerns over excess supply next year limited the gains.

Brent crude futures were up 89 cents, or around 1.1%, at $79.85 a barrel at 11:34am ET (1534 GMT), and US West Texas Intermediate gained 91 cents, or 1.2%, to $76.96. Both contracts hit their lowest since early March earlier in the session.

Inter-bank market rates for dollar on Wednesday

BID Rs 278.27

OFFER Rs 278.47

Open-market movement

In the open market, the PKR gained 2 paise for buying and 3 paise for selling against USD, closing at 278.70 and 279.57, respectively.

Against Euro, the PKR lost 24 paise for buying and 14 paise for selling, closing at 323.37 and 326.49, respectively.

Against UAE Dirham, the PKR remained unchanged for buying and lost 4 paise for selling, closing at 75.95 and 76.60, respectively.

Against Saudi Riyal, the PKR lost 2 paise for buying and 4 paise for selling, closing at 74.26 and 74.87, respectively.

Open-market rates for dollar on Wednesday

BID Rs 278.70

OFFER Rs 279.57

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Tuesday.

At close, the local currency settled at 278.30, a gain of Re0.01 against the greenback.

On Monday, the local unit closed at 278.31.

Meanwhile, the US dollar held near 10-day lows on Tuesday.

The euro was at $1.159, just ​below the 10-day high of $1.1622 it touched on Monday.

Sterling last bought $1.3413 in early trade on Tuesday.

The dollar index, which measures the US currency against six other units, ​was at 99.66.

The index is up 2% since the conflict first erupted at the end of February in a volatile reaction to a fragile ceasefire and regular tit-for-tat attacks.

Oil prices fell about 4% to a ​fresh three-month low on Tuesday on hopes the U.S. and Iran will agree to end the war and allow oil to flow ‌through the Strait of Hormuz.

Brent crude futures fell $3.29, or 4%, to $79.88 a barrel at 10:48 am. ET (1448 GMT), while U.S. West Texas Intermediate crude fell $3.82, or 4.7%, to $76.93.

Inter-bank market rates for dollar on Tuesday

BID Rs 278.30

OFFER Rs 278.50

Open-market movement

In the open market, the PKR gained 3 paise for buying and 15 paise for selling against USD, closing at 278.72 and 279.60, respectively.

Against Euro, the PKR gained 30 paise for buying and 39 paise for selling, closing at 323.13 and 326.35, respectively.

Against UAE Dirham, the PKR lost 1 paisa for buying and gained 3 paise for selling, closing at 75.95 and 76.56, respectively.

Against Saudi Riyal, the PKR gained 3 paise for buying and remained unchanged for selling, closing at 74.24 and 74.83, respectively.

Open-market rates for dollar on Tuesday

BID Rs 278.72

OFFER Rs 279.60

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee gained, appreciating 0.01%, against the US dollar in the inter-bank market on Friday.

At close, the local currency settled at 278.32, a gain of Rs0.03 against the greenback.

On Thursday, the local unit closed at 278.35.

Meanwhile, the dollar found its footing in early trading on Friday, after sliding to its weakest in a week as traders parsed reports that a ceasefire deal in the Middle ​East could be imminent.

Against the yen, the US currency was up 0.1% at 160.07 yen.

The ‌Australian dollar was down 0.1% at $0.7045, while its kiwi counterpart was down 0.1% at $0.5830.

The euro last bought $1.1576, holding near its strongest in a week after the European Central Bank’s first interest rate hike in three years on Thursday.

The British pound was flat ​at $1.3414.

Oil prices ​fell nearly 3% on Friday to their lowest in nearly two months after US President Donald Trump cancelled ‌new strikes on Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.

Brent futures were down $2.27, or 2.5%, at $88.11 a barrel by 1322 GMT, while US West Texas Intermediate (WTI) crude dropped $2.47, or 2.8%, to $85.24. Both contracts were at their lowest since April ​17.

Inter-bank market rates for dollar on Friday

BID Rs 278.32

OFFER Rs 278.52

Open-market movement

In the open market, the PKR remained unchanged for buying and gained 2 paise for selling against USD, closing at 278.67 and 279.55, respectively.

Against Euro, the PKR lost 1.04 rupee for buying and 86 paise for selling, closing at 322.43 and 325.63, respectively.

Against UAE Dirham, the PKR lost 7 paise for buying and 4 paise for selling, closing at 75.87 and 76.53, respectively.

Against Saudi Riyal, the PKR lost 4 paise for both buying and selling, closing at 74.18 and 74.80, respectively.

Open-market rates for dollar on Friday

BID Rs 278.67

OFFER Rs 279.55

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee gained against the US dollar in the inter-bank market on Thursday.

At close, the local currency settled at 278.35 , a gain of Re0.01 against the greenback.

On Wednesday, the local unit closed at 278.36.

Meanwhile, the US dollar wobbled on Thursday as new US strikes in the ​Middle East undermined sentiment, while a surge in May US consumer inflation to a three-year high kept investors uneasy about the Federal ‌Reserve’s monetary policy outlook.

The euro bought $1.1553, inching away from the 10-week low it hit last week, but has given up most of its ​gains since a ceasefire was struck in early April. The spotlight will be on the European Central Bank policy meeting later in the ​day as it looks poised to raise rates to tackle inflation.

Sterling was at $1.33905. The dollar index , which measures the US ⁠currency against six major peers, eased to 99.903 after US military said it has completed strikes against multiple targets in Iran.

Oil prices were nearly flat on Thursday as investors ​weighed the impact of supply disruptions from the war in the Middle East after President Donald Trump warned ‌that the US military would hit Iran “very hard tonight”.

Hostilities between the US and Iran have recently escalated. Trump said the US will soon take control of Iran’s oil and gas infrastructure and markets while Washington launched additional strikes against the country. Meanwhile, Tehran declared the Strait of Hormuz closed.

Brent futures were ​down 12 cents, or 0.1%, to $92.98 a barrel by 1303 GMT, while US West Texas Intermediate (WTI) crude gained 7 ​cents, or 0.1%, to $90.10.

Inter-bank market rates for dollar on Thursday

BID Rs 278.35

OFFER Rs 278.55

Open-market movement

In the open market, the PKR lost 6 paise for buying and 8 paise for selling against USD, closing at 278.67 and 279.57, respectively.

Against Euro, the PKR lost 2 paise for buying and 19 paise for selling, closing at 321.39 and 324.77, respectively.

Against UAE Dirham, the PKR lost 3 paise for buying and 5 paise for selling, closing at 75.80 and 76.49, respectively.

Against Saudi Riyal, the PKR lost 7 paise for buying and 8 paise for selling, closing at 74.14 and 74.76, respectively.

Open-market rates for dollar on Thursday

BID Rs 278.67

OFFER Rs 279.57

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee gained against the US dollar in the inter-bank market on Wednesday.

At close, the local currency settled at 278.36, a gain of Re0.01 against the greenback.

On Tuesday, the local unit closed at 278.37.

Meanwhile, the dollar held ​steady against major peers on Wednesday after the United States launched strikes against Iran, while investors awaited key US ‌inflation data for clues on the Federal Reserve’s policy path.

The dollar index, which measures the ​greenback against a basket of currencies including the yen and the euro, edged up 0.01% to 100.02

The euro was down 0.05% at $1.1537 while ​sterling lost 0.04% to $1.337.

Additionally, Oil prices rose on Wednesday after US President Donald Trump scolded Iran in a Truth Social post following tit-for-tat strikes between the US and Iran overnight.

Brent futures were up $1.32, or 1.44%, at $92.77 a barrel by 1220 GMT, while US West Texas Intermediate crude was up $1.57, or 1.78%, at $89.77 a barrel.

Inter-bank market rates for dollar on Wednesday

BID Rs 278.36

OFFER Rs 278.56

Open-market movement

In the open market, the PKR lost 9 paise for buying and 8 paise for selling against USD, closing at 278.61 and 279.49, respectively.

Against Euro, the PKR lost 32 paise for buying and 5 paise for selling, closing at 321.37 and 324.58, respectively.

Against UAE Dirham, the PKR lost 8 paise for buying and 3 paise for selling, closing at 75.77 and 76.44, respectively.

Against Saudi Riyal, the PKR lost 7 paise for buying and 6 paise for selling, closing at 74.07 and 74.68, respectively.

Open-market rates for dollar on Wednesday

BID Rs 278.61

OFFER Rs 279.49

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee gained against the US dollar, appreciating 0.01% in the inter-bank market on Tuesday.

At close, the local currency settled at 278.37, a gain of Re0.03 against the greenback.

On Monday, the local unit closed at 278.40.

Meanwhile, the US dollar held near a two-month high on Tuesday, firming against most major peers as Middle East uncertainty curbed risk appetite and traders ramped up bets on a Federal Reserve rate hike later this year.

Iran and Israel halted attacks on each other on Monday after an appeal from U.S. President Donald Trump, but tensions ran high as Tehran threatened to resume strikes if Israel continued to hit Hezbollah in Lebanon.

US efforts to reach a lasting agreement with the Iranians to end their more than three-month-old war have made little headway, leaving oil prices elevated and underpinning safe-haven demand for the greenback.

The euro stood at $1.1528, and the sterling fetched $1.3335, both down roughly 0.05% so far in Asia after hitting their two-month lows in the previous session.

The risk-sensitive Australian dollar was down 0.1% at $0.7039, and the New Zealand dollar traded at $0.5804.

The Japanese yen weakened to as much as 160.295, continuing to hover around the 160 level, widely seen as a line in the sand for potential official intervention.

The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was little changed at 100.03, near the two-month high of 100.21 it struck on Monday.

Oil prices fell about 4% on Tuesday after Iran and Israel said they had halted attacks on each other following an appeal from U.S. President Donald Trump.

Brent futures fell $3.40, or 3.6%, to $90.85 a barrel at 10:28 a.m. EDT (1428 GMT), while U.S. West Texas Intermediate (WTI) crude slid $3.71, or 4.1%, to $87.59.

Inter-bank market rates for dollar on Tuesday

BID Rs 278.37

OFFER Rs 278.57

Open-market movement

In the open market, the PKR gained 3 paise for buying and 6 paise for selling against USD, closing at 278.52 and 279.41, respectively.

Against Euro, the PKR lost 98 paise for buying and 71 paise for selling, closing at 321.05 and 324.53, respectively.

Against UAE Dirham, the PKR lost 6 paise for buying and 4 paise for selling, closing at 75.69 and 76.41, respectively.

Against Saudi Riyal, the PKR lost 7 paise for buying and 2 paise for selling, closing at 74.00 and 74.62, respectively.

Open-market rates for dollar on Tuesday

BID Rs 278.52

OFFER Rs 279.41

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee appreciated against the US dollar in the inter-bank market on Monday.

At close, the local currency settled at 278.40, a gain of Re0.01 against the greenback.

On Friday, the local unit closed at 278.41.

Meanwhile, the US dollar was perched near a two-month high on Monday after a blowout US jobs report sent traders ramping up bets on a Federal Reserve rate hike this year, while the yen teetered further into the intervention zone.

Moves in currencies were largely muted compared to the broader market, where a rout in technology stocks swept across Asia. The dollar held to its strong gains made in the wake of the report that showed nonfarm payrolls increased by 172,000 jobs last month, far exceeding estimates.

Against the US dollar, the euro fell to a two-month low of $1.1507, while sterling struggled at a three-week trough of $1.33165.

The Australian and New Zealand dollars similarly slid to their lowest in two months at $0.7016 and $0.5779, respectively.

Oil prices pared gains on Monday, after rising more than 5% earlier in ‌the session, following an announcement from Iran’s military that a wave of attacks on Israel was over.

However, Iran warned of harsher attacks if Israel continues strikes on Lebanon.

Brent crude futures were up $1.43, or 1.5% at $94.52 a barrel as of 1304 GMT, while U.S. West Texas Intermediate crude futures were up $1.03, ​or 1.1%, at $91.57.

Inter-bank market rates for dollar on Monday

BID Rs 278.40

OFFER Rs 278.60

Open-market movement

In the open market, the PKR lost 10 paise for buying and remained unchanged for selling against USD, closing at 278.55 and 279.47, respectively.

Against Euro, the PKR gained 2.33 rupees for buying and 1.93 rupee for selling, closing at 320.07 and 323.82, respectively.

Against UAE Dirham, the PKR lost 6 paise for buying and 8 paise for selling, closing at 75.63 and 76.37, respectively.

Against Saudi Riyal, the PKR lost 10 paise for both buying and selling, closing at 73.93 and 74.60, respectively.

Open-market rates for dollar on Monday

BID Rs 278.55

OFFER Rs 279.47

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee appreciated against the US dollar in the inter-bank market on Friday.

At close, the local currency settled at 278.41, a gain of Re0.01 against the greenback.

On Thursday, the local unit closed at 278.42.

Globally, the US ​dollar is on track for a weekly gain as Gulf tensions fuel safe-haven flows.

US President Donald Trump’s efforts to halt fighting in the Middle East and forge peace with Tehran are facing fresh obstacles, after Hezbollah rejected a new ceasefire in Lebanon on ​Thursday, while Israel said it ​would not withdraw troops from ⁠the country.

Meanwhile, the ​euro stood at $1.1612, up 0.02% so far in Asia, and sterling was steady at $1.34228. Both ​are heading for ⁠small weekly losses.

The risk-sensitive Australian dollar was down 0.1% at $0.71265, and the New Zealand dollar held flat at $0.5867 with a 2% weekly advance.

The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was little changed at 99.434, ⁠on track ​for a 0.5% gain for the week.

Oil prices fell on Friday after Oman said operations at its Mina al Fahal port ‌were proceeding normally, following a Reuters report of disruption after an explosion.

Petroleum Development Oman said operations at Mina al Fahal port were unaffected, after three sources told Reuters that oil loading had been suspended following an explosion near its mooring berths.

Brent crude futures were down 84 ​cents, or 0.9%, at $94.19 a barrel by 1318 GMT, after settling down 2.84% ⁠in the previous session. U.S. West Texas Intermediate crude was at $91.91 a barrel, down $1.13, or 1.2%, following a ​3.1% loss on Thursday.

Inter-bank market rates for dollar on Friday

BID Rs 278.41

OFFER Rs 278.61

Open-market movement

In the open market, the PKR gained 10 paise for buying and remained unchanged for selling against USD, closing at 278.45 and 279.47, respectively.

Against Euro, the PKR lost 22 paise for buying and gained 3 paise for selling, closing at 322.40 and 325.75, respectively.

Against UAE Dirham, the PKR remained unchanged for buying and gained 4 paise for selling, closing at 75.57 and 76.29, respectively.

Against Saudi Riyal, the PKR lost 1 paisa for buying and gained 4 paise for selling, closing at 73.83 and 74.50, respectively.

Open-market rates for dollar on Friday

BID Rs 278.45

OFFER Rs 279.47

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee appreciated 0.01% against the US dollar in the inter-bank market on Thursday.

At close, the local currency settled at 278.42, a gain of Rs0.03 against the greenback.

On Wednesday, the local unit closed at 278.45.

Meanwhile, the dollar clung to its recent strength near a two-month high on Thursday.

The euro stood at $1.1604, and the British pound traded at $1.3424, both largely flat so far in Asia.

The risk-sensitive Australian dollar was steady at $0.7132, and the New Zealand dollar rose 0.2% to $0.5872 to rebound from a one-week low.

The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was a shade higher at 99.47, after hitting the strongest level since April 7 in the previous session.

Oil prices fell on Thursday after a ceasefire deal between Israel and Lebanon boosted hopes for a broader agreement to end the U.S.-Israeli war with Iran that could lead to a reopening of the Strait of Hormuz.

Trade was cautious and losses were limited. Brent futures were down $1.14, or 1.2%, to $96.67 a barrel at 1022 GMT, while U.S. West Texas Intermediate crude was down 90 cents, or 0.9%, to $95.12.

The two contracts rose about 2% on Wednesday after renewed Middle East hostilities, including Iranian attacks on Kuwait and U.S. military strikes near the Strait of Hormuz.

Inter-bank market rates for dollar on Thursday

BID Rs 278.42

OFFER Rs 278.62

Open-market movement

In the open market, the PKR lost 11 paise for buying and 3 paise for selling against USD, closing at 278.55 and 279.47, respectively.

Against Euro, the PKR lost 15 paise for buying and 45 paise for selling, closing at 322.18 and 325.78, respectively.

Against UAE Dirham, the PKR lost 2 paise for buying and gained 4 paise for selling, closing at 75.57 and 76.33, respectively.

Against Saudi Riyal, the PKR lost 4 paise for buying and 3 paise for selling, closing at 73.82 and 74.57, respectively.

Open-market rates for dollar on Thursday

BID Rs 278.55

OFFER Rs 279.47

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee appreciated against the US dollar in the inter-bank market on Wednesday.

At close, the local currency settled at 278.45, a gain of Re0.01 against the greenback.

On Tuesday, the local unit closed at 278.46.

Moreover, persistent strength in the dollar sent the ​Japanese yen sliding to the key 160 level on Wednesday, as hostilities in the Gulf erupted anew and ‌bolstered demand for the safe-haven U.S. currency.

The dollar was last 0.04% higher at 159.98 yen.

The euro eased 0.09% to $1.1621, while sterling was down ‌0.07% at $1.3455.

Oil prices rose ​more than 1% on Wednesday, extending gains from the previous session, as hostilities ‌in the Middle East erupted anew and talks between Tehran and Washington showed little progress.

Brent futures were up $1.41, or 1.5%, at $97.41 a barrel at 1315 GMT, while U.S. West Texas Intermediate (WTI) crude climbed $1.39, or 1.5%, to $95.15. ​Brent and WTI hit their highest since May 27 and May 22, respectively, earlier ​in the day.

Inter-bank market rates for dollar on Wednesday

BID Rs 278.45

OFFER Rs 278.65

Open-market movement

In the open market, the PKR gained 21 paise for buying and 8 paise for selling against USD, closing at 278.44 and 279.44, respectively.

Against Euro, the PKR gained 41 paise for buying and 53 paise for selling, closing at 322.03 and 325.33, respectively.

Against UAE Dirham, the PKR gained 5 paise for buying and 4 paise for selling, closing at 75.55 and 76.37, respectively.

Against Saudi Riyal, the PKR gained 6 paise for buying and 9 paise for selling, closing at 73.78 and 74.54, respectively.

Open-market rates for dollar on Wednesday

BID Rs 278.44

OFFER Rs 279.44

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee appreciated against the US dollar in the inter-bank market on Tuesday.

At close, the local currency settled at 278.46, a gain of Re0.01 against the greenback.

On Monday, the local unit closed at 278.47.

Internationally, the ​US dollar steadied on Tuesday as markets took a wait-and-see approach to Middle East peace talks, with Lebanon ‌announcing a limited ceasefire between Hezbollah and Israel, although broader geopolitical uncertainties kept traders on edge.

Investors have treated any progress toward ending the Iran conflict with caution, given the fragility of a US–Iran ceasefire struck in early April.

The dollar index, which measures the currency against six peers, eased from earlier gains after the ​Lebanon announcement on Monday. While the agreement signalled a degree of de-escalation, it remains limited against the backdrop of a wider regional ​conflict that has disrupted oil flows through the Strait of Hormuz.

The dollar index was flat at 99.17, while the euro was 0.03% higher at $1.1634 and sterling gained 0.07% to $1.346.

The greenback had rallied at the onset of the conflict, which began on February 28, buoyed by safe-haven demand and the US economy’s relatively limited ​exposure to energy-driven inflation. However, it has given back some of those gains due to uncertainty surrounding the conflict’s trajectory.

Oil prices, a key indicator of currency parity, dropped on Tuesday, paring the previous session’s sharp gains, as Iran reviewed a ​proposed agreement with the United States to halt the war between the two countries, Iran’s Mehr ‌News reported.

Brent crude futures were down $0.69, or 0.7%, to $94.29 a barrel at 1307 GMT, while U.S. West Texas Intermediate fell $0.82, or 0.9%, to $91.34 a barrel.

Having fallen more than 16% in May on hopes of a peace deal, Brent and WTI on Monday rose over 3% ​and 5%, respectively.

US President Donald Trump said on Monday that negotiations with Iran were continuing and there would be a ​deal to extend the ceasefire and reopen the Strait of Hormuz over the next week.

Inter-bank market rates for dollar on Tuesday

BID Rs 278.46

OFFER Rs 278.66

Open-market movement

In the open market, the PKR lost 1 paisa for buying and remained unchanged for selling against USD, closing at 278.65 and 279.52, respectively.

Against Euro, the PKR gained 33 paise for buying and 22 paise for selling, closing at 322.44 and 325.86, respectively.

Against UAE Dirham, the PKR gained 5 paise for buying and 7 paise for selling, closing at 75.60 and 76.41, respectively.

Against Saudi Riyal, the PKR gained 1 paisa for buying and 4 paise for selling, closing at 73.84 and 74.63, respectively.

Open-market rates for dollar on Tuesday

BID Rs 278.65

OFFER Rs 279.52

At close, the local currency settled at 278.47, a gain of Re0.03 against the greenback.

On Friday, the local unit closed at 278.50.

Pakistan’s headline inflation clocked in at 11.7% on a year-on-year (YoY) basis in May 2026, Pakistan Bureau of Statistics (PBS) data showed.

The consumer price index (CPI) was recorded at 10.9% in April 2026. The CPI stood at 3.5% in May 2025.

Pakistan aims for an economic growth rate to 4% in the upcoming fiscal year, up from an estimated 3.7% in FY26, even as the country manages crude price shock from the ongoing conflict in the Middle East and remains under the International Monetary Fund (IMF) programme.

The GDP growth projected is driven by stronger performance in the agriculture, industry, and services sectors, according to projections shared by Topline Research.

Meanwhile, the US dollar held steady on Monday after a weekly loss.

The dollar index of the greenback against a basket of currencies including the yen and the euro, was flat at 99.00, after last week’s drop of 0.4%. The euro fell 0.08% to$1.165.

The yen weakened 0.08% to 159.41 per dollar.

Sterling slipped 0.07% to $1.3449.

Oil prices rose more than 3% on Monday after Iran and the US traded strikes and Israel ordered troops to move further into Lebanon in its battle with Hezbollah.

Brent futures were up $2.68 or 3% at $93.80 a barrel at 1121 GMT. U.S. crude futures rose $3.03 or 3.5% to $90.39 a barrel. Over May, Brent and WTI lost around 19% and 17%, respectively. It was both contracts’ biggest monthly fall in absolute terms since March 2020 when the coronavirus pandemic slashed energy demand.

The fighting in the Middle East, after Washington hosted Israel-Lebanon peace talks on Friday, dimmed hopes that the US and Iran could soon announce an extension to their ceasefire.

Inter-bank market rates for dollar on Monday

BID Rs 278.47

OFFER Rs 278.67

Open-market movement

In the open market, the PKR gained 9 paise for buying and 4 paise for selling against USD, closing at 278.64 and 279.52, respectively.

Against Euro, the PKR lost 31 paise for buying and 34 paise for selling, closing at 322.77 and 326.08, respectively.

Against UAE Dirham, the PKR gained 3 paise for buying and 4 paise for selling, closing at 75.65 and 76.48, respectively.

Against Saudi Riyal, the PKR remained unchanged for buying and gained 3 paise for selling, closing at 73.85 and 74.67, respectively.

Open-market rates for dollar on Monday

BID Rs 278.64

OFFER Rs 279.52

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Friday.

At close, the local currency settled at 278.50, a gain of Re0.01 against the greenback.

On Monday, the local unit closed at 278.51.

The central bank remained closed from Tuesday through Thursday in observance of the Eid-ul-Adha holidays.

The dollar extended its weakness against major currencies on Friday and was on track to end the week lower.

The euro fetched $1.1653, up 0.03% so far in Asia, while the pound traded flat at $1.3445.

The Australian dollar was steady at $0.7164 and the New Zealand dollar rose 0.2% to $0.5946, near the strongest level in more than two weeks.

The dollar index, which measures the greenback against a basket of currencies, was largely flat at 98.997 after dropping 0.2% on Thursday.

It is now on track to snap two weeks of gains and end the week 0.3% lower.

Oil futures fell 2% on Friday and were on track for their steepest weekly decline since early April after reports that the US and Iran had reached agreement on a potential ceasefire extension.

Brent crude futures for July, which expire later on Friday, were down $1.89, or 2%, at $91.82 a barrel by 1309 GMT. The more active August contract was down $1.89, or 2%, at $90.81. WTI U.S. oil futures were down $1.70, or 1.9%, at $87.20.

Inter-bank market rates for dollar on Friday

BID Rs 278.50

OFFER Rs 278.70

Open-market movement

In the open market, the PKR lost 3 paise for buying and remained unchanged for selling against USD, closing at 278.73 and 279.56, respectively.

Against Euro, the PKR gained 50 paise for buying and 66 paise for selling, closing at 322.46 and 325.74, respectively.

Against UAE Dirham, the PKR gained 2 paise for buying and 3 paise for selling, closing at 75.68 and 76.52, respectively.

Against Saudi Riyal, the PKR gained 1 paisa for buying and remained unchanged for selling, closing at 73.85 and 74.70, respectively.

Open-market rates for dollar on Friday

BID Rs 278.73

OFFER Rs 279.56

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Monday.

At close, the local currency settled at 278.51, a gain of Re0.01 against the greenback.

On Friday, the local unit closed at 278.52.

Meanwhile, against the yen, the US dollar was down 0.2% at 158.87 yen, while the euro rose 0.3% ​to $1.1642 and the British pound gained 0.4% to $1.3485.

The ⁠Australian dollar advanced 0.4% to $0.7160, while its kiwi counterpart tacked on 0.5% ​to $0.5877.

Over the weekend, hopes for a lasting ​peace deal appeared fragile. US President Donald Trump wrote on Saturday that ​a memorandum of understanding on a peace deal with Iran had been “largely negotiated,” with both ‌countries ⁠and mediators in Pakistan reporting progress.

However, the US blockade on Iranian ships in the Strait of Hormuz would “remain in full force and effect until an agreement is reached, certified, and signed,” Trump wrote on Truth Social on Sunday. ​There was no immediate ​response from ⁠Iran’s government.

Oil prices ​fell about 5% to two-week lows on Monday as optimism grew that the United States and ‌Iran were moving closer to a peace deal, even though they remain at odds over key issues such as blockades on the Strait of Hormuz.

Brent crude futures were down $5.04, or 4.9%, at $98.50 a barrel at 1327 GMT and U.S. West Texas Intermediate futures were down $4.82, ​or 5%, at $91.78. Both contracts traded at their lowest since May 7.

Inter-bank market rates for dollar on Monday

BID Rs 278.51

OFFER Rs 278.71

Open-market movement

In the open market, the PKR gained 13 paise for buying and remained unchanged for selling against USD, closing at 278.70 and 279.56, respectively.

Against Euro, the PKR lost 46 paise for buying and 43 paise for selling, closing at 322.96 and 326.40, respectively.

Against UAE Dirham, the PKR gained 3 paise for buying and 2 paise for selling, closing at 75.70 and 76.55, respectively.

Against Saudi Riyal, the PKR gained 9 paise for buying and 6 paise for selling, closing at 73.86 and 74.70, respectively.

Open-market rates for dollar on Monday

BID Rs 278.70

OFFER Rs 279.56

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee posted marginal gain, appreciating 0.01%, against the US dollar in the inter-bank market on Friday.

At close, the local currency settled at 278.52, a gain of Rs0.03 against the greenback.

On Thursday, the local unit closed at 278.55.

The dollar held near a six-week top on Friday, after a volatile ​overnight session on conflicting signals over a US-Iran peace deal, though investors latched on to hopes of some progress.

The dollar ​was a touch higher and stood at 99.24 against a basket of currencies , not far from its peak of 99.515 hit ​in the previous session, its highest since April 7.

The euro dipped 0.03% to $1.1613, while the pound was flat at $1.3431. ⁠Sterling was set to gain 0.8% for the week, having fallen more than 2% last week due to political turmoil in Britain.

The dollar found ​additional support from data which showed U.S. weekly jobless claims fell last week while manufacturing activity rose to a four-year high in May, underscoring resilience in the ​world’s largest economy.

“We’re coming to the end of week 12, we’re six weeks in the ceasefire, and I’m just not really that convinced we’re any closer to a resolution between the U.S. and Iran,” Tony Sycamore, a market analyst at IG, said of the Middle East war.

Moreover, oil prices climbed on Friday but were on track for a weekly loss.

Brent crude futures rose $1.66, or 1.6%, to $104.24 a barrel by 0405 GMT, while US West Texas Intermediate futures were up $1.11, or 1.2%, at $97.46.

On a weekly basis, Brent was 4.6% lower and WTI was down 7.6%, with prices fluctuating sharply as expectations for a peace deal shifted.

Inter-bank market rates for dollar on Friday

BID Rs 278.52

OFFER Rs 278.72

Open-market movement

In the open market, the PKR gained 5 paise for buying and 7 paise for selling against USD, closing at 278.83 and 279.56, respectively.

Against Euro, the PKR gained 38 paise for buying and 15 paise for selling, closing at 322.50 and 325.97, respectively.

Against UAE Dirham, the PKR gained 5 paise for buying and 3 paise for selling, closing at 75.73 and 76.57, respectively.

Against Saudi Riyal, the PKR gained 1 paisa for both buying and selling, closing at 73.95 and 74.76, respectively.

Open-market rates for dollar on Friday

BID Rs 278.83

OFFER Rs 279.56

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Thursday.

At close, the local currency settled at 278.55, a gain of Re0.01 against the greenback.

On Wednesday, the local unit closed at 278.56.

Moreover, the US dollar hovered below a six-week peak on ​Thursday after pulling back on rising hopes that Washington was nearing a deal with ‌Tehran to end the war in the Middle East.

The ⁠dollar, a traditional safe haven, was down slightly at 158.87 yen in early Thursday trading ​after falling for the first time in eight sessions against the yen the day before. ​That pulls it further away from the 160 level viewed as a potential trigger for official currency intervention.

Oil prices jumped on Thursday after Reuters later reported that Iran’s Supreme Leader had issued a directive that the country’s near weapons-grade uranium should not be sent abroad.

The report, which cited two senior Iranian sources, signalled that Tehran was hardening its stance on one of the main US demands. Ayatollah Mojtaba Khamenei’s order could further frustrate US President Donald Trump and complicate talks on ending the US Israeli war on Iran.

Brent crude futures gained $3.51, or 3.3%, to $108.53 a barrel by 1330 GMT, and U.S. West Texas Intermediate futures rose $3.67, or 3.7%, to $101.93.

Inter-bank market rates for dollar on Thursday

BID Rs 278.55

OFFER Rs 278.75

Open-market movement

In the open market, the PKR remained unchanged for buying and gained 4 paise for selling against USD, closing at 278.88 and 279.63, respectively.

Against Euro, the PKR lost 21 paise for buying and 5 paise for selling, closing at 322.88 and 326.12, respectively.

Against UAE Dirham, the PKR gained 4 paise for buying and 3 paise for selling, closing at 75.78 and 76.60, respectively.

Against Saudi Riyal, the PKR gained 12 paise for buying and 6 paise for selling, closing at 73.96 and 74.77, respectively.

Open-market rates for dollar on Thursday

BID Rs 278.88

OFFER Rs 279.63

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Wednesday.

At close, the local currency settled at 278.56, a gain of Re0.01 against the greenback.

On Tuesday, the local unit closed at 278.57.

Meanwhile, the US dollar ​was steady near a six-week high on Wednesday as investors came to terms with the possible need for ‌higher interest rates to tackle inflation due to the Iran war.

The euro last bought $1.1608, ⁠having touched its lowest level since April 8 in the previous session. The British pound was at $1.3398, not far from a ​six-week low it touched earlier this week.

The Australian dollar, often seen as a barometer for risk sentiment, was 0.14% lower at $0.7097, while ​the New Zealand dollar fell 0.24% at $0.5822.

Against a basket of currencies, the dollar was steady at 99.306. The index is up more than 1% in May due to safe-haven demand and markets pricing in chances of the Federal Reserve hiking interest rates by the end of the year.

Oil ​prices fell 4% on Wednesday after U.S. President Donald Trump said that negotiations with Iran were in the final ‌stages, though investors remain wary about the outcome of peace talks as disruption to Middle Eastern supply continues.

Brent crude futures fell $4.76, or 4.28%, to $106.52 a barrel by 11:29 a.m. EDT (1529 GMT) and U.S. West Texas Intermediate futures were down $4.22, or 4.05%, at $99.93. Both contracts were heading for their biggest daily ​drops in percentage and absolute terms in two weeks.

Inter-bank market rates for dollar on Wednesday

BID Rs 278.56

OFFER Rs 278.76

Open-market movement

In the open market, the PKR gained 5 paise for buying and lost 2 paise for selling against USD, closing at 278.88 and 279.67, respectively.

Against Euro, the PKR gained 90 paise for buying and 89 paise for selling, closing at 322.67 and 326.07, respectively.

Against UAE Dirham, the PKR gained 4 paise for buying and 6 paise for selling, closing at 75.82 and 76.63, respectively.

Against Saudi Riyal, the PKR gained 10 paise for buying and 8 paise for selling, closing at 74.08 and 74.83, respectively.

Open-market rates for dollar on Wednesday

BID Rs 278.88

OFFER Rs 279.67

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee strengthened against the US dollar, appreciating 0.01% in the inter-bank market on Tuesday.

At close, the local currency settled at 278.57, a gain of Re0.03 against the greenback.

On Monday, the local unit closed at 278.60.

Internationally, the dollar found support at the start ​of Asian trading on Tuesday after US President Donald Trump said he had paused a planned attack ‌against Iran to allow negotiations, and bond markets stabilised after a two-day selloff.

The US dollar index, which measures the greenback’s strength against a basket of six currencies, held steady at 99.026, attracting bids after easing fears of an escalation in the war pushed the gauge 0.3% ​lower on Monday, snapping a five-day winning streak.

The yield on the US 10-year Treasury bond was down 3 basis points at 4.591%, retreating ​after hitting its highest level in a year as fears a lasting jump in inflation eased.

The dollar had gained strength during the past week as a safe haven from an escalation of the war in the Middle East and a selloff gripping global bond markets, as investors repriced the risk that central banks would have ​to take action to contain inflation with the Strait of Hormuz remaining closed and energy markets disrupted.

Fed funds futures ​are pricing an implied 36.2% probability of a 25-basis-point hike at the U.S. central bank’s two-day meeting on December 9, compared ‌to a ⁠0.5% chance a month ago, according to the CME Group’s FedWatch tool.

Oil prices fell on Tuesday, with global benchmark ‌Brent crude dropping 1%, after U.S. President Donald Trump said he had paused a planned attack on Iran to allow for negotiations to end the war in the Middle East.

Trump posted on social media on Monday that he was holding ​off from a military attack that had been scheduled for Tuesday while efforts to reach ​a deal with Iran continued, adding that the United States was ready to resume ⁠attacks if a deal is not reached.

Brent futures for July were down $1.27, or 1.13%, at $110.83 a ​barrel by 1319 GMT. The U.S. West Texas Intermediate crude contract for June delivery, which expires on ​Tuesday, slipped 45 cents, or 0.41%, to $108.21. The more active July contract fell 38 cents, or 0.36%, to $104.

Inter-bank market rates for dollar on Tuesday

BID Rs 278.57

OFFER Rs 278.77

Open-market movement

In the open market, the PKR gained 7 paise for buying and 9 paise for selling against USD, closing at 278.93 and 279.65, respectively.

Against Euro, the PKR gained 13 paise for buying and lost 3 paise for selling, closing at 323.57 and 326.96, respectively.

Against UAE Dirham, the PKR gained 3 paise for buying and remained unchanged for selling, closing at 75.86 and 76.69, respectively.

Against Saudi Riyal, the PKR gained 4 paise for buying and 6 paise for selling, closing at 74.18 and 74.91, respectively.

Open-market rates for dollar on Tuesday

BID Rs 278.93

OFFER Rs 279.65

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee posted marginal gain against the US dollar in inter-bank market on Monday.

At close, the local currency settled at 278.60, a gain of Re0.01 against the greenback.

On Friday, the local unit closed at 278.61.

Pakistan’s current account posted deficit of $324 million in April 2026, data released by the State Bank of Pakistan (SBP) showed on Monday. The deficit followed a surplus of $1,134 million recorded in March 2026 and deficit of $12 million in April 2025.

The US dollar firmed against most major currencies on Monday as fresh Middle East tensions lifted oil prices and a global bond ‌selloff dented risk appetite, while yen weakness kept traders on alert for possible Japanese intervention.

The euro was last at $1.1609 and sterling fetched $1.3305, both down more than 0.1%.

The risk-sensitive Australian dollar weakened 0.4% to $0.7121, while the New Zealand ​dollar was little changed at $0.5827.

The dollar index, which measures the greenback against a basket of ​major currencies, was a touch firmer at 99.393.

Oil prices dropped on Monday after an Iranian news report saying that the United States had accepted waiving sanctions on Iranian crude oil temporarily.

Brent crude ​futures fell $1.48, or 1.4%, to $107.78 a barrel by 1310 GMT after touching $112 for ​their highest since May 5.

Inter-bank market rates for dollar on Monday

BID Rs 278.60

OFFER Rs 278.80

Open-market movement

In the open market, the PKR gained 3 paise for buying and 8 paise for selling against USD, closing at 279.00 and 279.74, respectively.

Against Euro, the PKR gained 51 paise for buying and 54 paise for selling, closing at 323.70 and 326.93, respectively.

Against UAE Dirham, the PKR gained 3 paise for buying and 6 paise for selling, closing at 75.89 and 76.69, respectively.

Against Saudi Riyal, the PKR gained 2 paise for buying and remained unchanged for selling, closing at 74.22 and 74.97, respectively.

Open-market rates for dollar on Monday

BID Rs 279.00

OFFER Rs 279.74

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee posted marginal gain against the US dollar in inter-bank market on Friday.

At close, the local currency settled at 278.61, a gain of Re0.01 against the greenback.

On Thursday, the local unit closed at 278.62.

Meanwhile, the dollar rode U.S. Treasury yields higher on Friday and was set for its biggest weekly gain in more than two months, as mounting inflationary pressures from higher energy prices fuelled bets on a Federal Reserve rate hike this year.

Against the greenback, the euro fell to a one-month low of $1.1635 and was set to lose more than 1.2% for the week.

The yen struggled on the weaker side of 158 per dollar despite domestic data pointing to a spike in wholesale inflation, bolstering the case for the Bank of Japan to raise interest rates as soon as June.

It was last 0.16% lower at 158.60 per dollar.

The Australian and New Zealand dollars also fell heavily, with the Aussie down 0.8% to $0.7162, while the kiwi slid 0.82% to $0.5863.

Oil prices gained about 2% on Friday after comments from ‌U.S. President Donald Trump and Iran’s foreign minister further dented hopes of a deal to end ship attacks and seizures around the Strait of Hormuz.

Brent crude futures gained $2.50, or 2.4%, to $108.22 a barrel by 1139 GMT. U.S. West Texas Intermediate futures were up $2.86, or 2.4%, at $104.03.

Inter-bank market rates for dollar on Friday

BID Rs 278.61

OFFER Rs 278.81

Open-market movement

In the open market, the PKR gained 2 paise for buying and 4 paise for selling against USD, closing at 279.03 and 279.82, respectively.

Against Euro, the PKR gained 1.97 rupee for buying and 1.75 rupee for selling, closing at 324.21 and 327.47, respectively.

Against UAE Dirham, the PKR remained unchanged for both buying selling, closing at 75.92 and 76.75, respectively.

Against Saudi Riyal, the PKR gained 1 paisa for both buying and selling, closing at 74.24 and 74.97, respectively.

Open-market rates for dollar on Friday

BID Rs 279.03

OFFER Rs 279.82

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee posted marginal gain, appreciating 0.01%, against the US dollar in inter-bank market on Thursday.

At close, the local currency settled at 278.62, a gain of Rs0.03 against the greenback.

On Wednesday, the local unit closed at 278.65.

The US dollar got a lift from elevated US Treasury yields on Thursday as investors wagered the Federal Reserve would hike rates this year, while global focus moved to a two-day summit between US President Donald Trump and China’s Xi Jinping.

In the broader market, the dollar held steady on Thursday, leaving the euro little changed at $1.1714 and on track to lose 0.6% for the week, which would mark its largest decline in two months.

Sterling last bought $1.3524 and was headed for a weekly fall of roughly 0.8%, pressured in part by political turmoil at home.

Against a basket of currencies, the US dollar was last at 98.48, up more than 0.6% for the week thus far.

Crude oil futures dipped slightly on Thursday after Iran’s state media said about 30 ​vessels had crossed the Strait of Hormuz in recent hours, while the semi-official Fars news agency cited a source ‌saying Iran had begun allowing transit for some Chinese vessels.

Brent crude oil futures were down 73 cents, or 0.7%, at $104.90 a barrel at 11:21 a.m. ET (1521 GMT), easing from an earlier high of $107.13. U.S. West Texas Intermediate futures were down 20 cents, or 0.2%, at $100.82.

Inter-bank market rates for dollar on Thursday

BID Rs 278.62

OFFER Rs 278.82

Open-market movement

In the open market, the PKR gained 2 paise for buying and 4 paise for selling against USD, closing at 279.01 and 279.82, respectively.

Against Euro, the PKR gained 10 paise for buying and 40 paise for selling, closing at 326.18 and 329.22, respectively.

Against UAE Dirham, the PKR remained unchanged for buying and gained 1 paisa for selling, closing at 75.92 and 76.75, respectively.

Against Saudi Riyal, the PKR gained 1 paisa for buying and remained unchanged for selling, closing at 74.25 and 74.98, respectively.

Open-market rates for dollar on Thursday

BID Rs 279.01

OFFER Rs 279.82

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee posted marginal gain against the US dollar in inter-bank market on Wednesday.

At close, the local currency settled at 278.65, a gain of Re0.01 against the greenback.

On Tuesday, the local unit closed at 278.66.

The State Bank of Pakistan (SBP) said on Wednesday it had received about $1.3 billion from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF).

“The amount would be reflected in SBP’s foreign exchange reserves for the week ending on May 15, 2026,” the central bank said.

Meanwhile, the dollar held near a one-week high on Wednesday as risk sentiment soured after a hot U.S. inflation reading sent Treasury yields higher, and oil inched up on renewed Middle East uncertainty.

The euro stood at $1.1735 and the sterling traded at $1.3532, both down roughly 0.05% against the greenback in early Asia trades.

The U.S. dollar index, which tracks the greenback against a basket of six major currencies, was steady at 98.335, near the strongest level in a week.

Oil prices were little changed on Wednesday as investors monitored a fragile Middle ​East ceasefire and awaited a high-stakes summit in Beijing between US President Donald Trump and China’s Xi Jinping.

Brent crude futures were ‌down 14 cents, or 0.1%, to $107.63 a barrel at 1328 GMT. Meanwhile U.S. West Texas Intermediate futures edged up 44 cents, or 0.4%, to $102.62.

Inter-bank market rates for dollar on Wednesday

BID Rs 278.65

OFFER Rs 278.85

Open-market movement

In the open market, the PKR gained 1 paisa for buying and remained unchanged for selling against USD, closing at 279.03 and 279.86, respectively.

Against Euro, the PKR gained 86 paise for buying and 81 paise for selling, closing at 326.28 and 329.62, respectively.

Against UAE Dirham, the PKR gained 2 paise for buying and 1 paisa for selling, closing at 75.92 and 76.76, respectively.

Against Saudi Riyal, the PKR gained 2 paise for buying and 9 paise for selling, closing at 74.26 and 74.98, respectively.

Open-market rates for dollar on Wednesday

BID Rs 279.03

OFFER Rs 279.86

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee continued to gain against the US dollar during trading in the inter-bank market on Tuesday.

At close, the local currency settled at 278.66, a gain of Re0.01 against the greenback.

On Monday, the local unit closed at 278.67.

The US dollar held its ground on Tuesday.

The euro last bought $1.1775, while sterling was at $1.3602, both steady on the day. The dollar index, which measures the U.S. currency against six others, was at 97.98.

The dollar initially benefited from safe haven flows when the war first broke out, but has since given up much of those gains and remains choppy on shaky prospects of a peace deal and a ceasefire that appears to be hanging by a thread.

Oil prices rose ​by more than 3% on Tuesday as stark differences between the U.S. and Iran over ‌a proposal to end the war in the Middle East pushed supply concerns back into the spotlight.

Brent crude futures gained $3.34, or 3.21%, to $107.55 a barrel by 1314 GMT, and U.S. West Texas Intermediate was up $3.18, or 3.24%, at $101.25. Both benchmarks climbed nearly 3% ​on Monday.

Inter-bank market rates for dollar on Tuesday

BID Rs 278.66

OFFER Rs 278.86

Open-market movement

In the open market, the PKR gained 1 paisa for both buying and selling against USD, closing at 279.04 and 279.86, respectively.

Against Euro, the PKR gained 46 paise for buying and 19 paise for selling, closing at 327.14 and 330.43, respectively.

Against UAE Dirham, the PKR lost 2 paise for buying and gained 2 paise for selling, closing at 75.94 and 76.77, respectively.

Against Saudi Riyal, the PKR gained 4 paise for buying and lost 2 paise for selling, closing at 74.28 and 75.07, respectively.

Open-market rates for dollar on Tuesday

BID Rs 279.04

OFFER Rs 279.86

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee continued to gain, appreciating 0.01%, against the US dollar during trading in the inter-bank market on Monday.

At close, the local currency settled at 278.67, a gain of Rs0.03 against the greenback.

On Friday, the local unit closed at 278.70.

Moreover, the US dollar advanced for a second day against its major peers in Asian trade on Monday.

The euro was down 0.2% at $1.1757, the yen slipped 0.3% to 157.155 yen per dollar and the British pound was 0.3% lower at $1.3590. The risk-sensitive Australian dollar slipped 0.2% to $0.7229, while its kiwi counterpart weakened 0.3% to $0.5948.

The Fed held rates steady last month as expected, but the decision exposed its deepest split in decades, with three officials dissenting against signalling future rate cuts.

Meanwhile, oil prices climbed on Monday by more than 3% after US President Donald Trump said the ceasefire with Iran was “on life support,” leaving the Strait of Hormuz largely closed with no clear end in sight to the war.

Brent crude futures were up $3.17, or 3.13%, at $104.46 a barrel at 12:15 p.m. EDT (1715 GMT) . US West Texas Intermediate CLc1 was at $98.32 a barrel, up $2.90, or 3.04%. Brent reached a session high of $105.99 and WTI hit a peak of $100.37.

Inter-bank market rates for dollar on Monday

BID Rs 278.67

OFFER Rs 278.87

Open-market movement

In the open market, the PKR gained 9 paise for buying and 6 paise for selling against USD, closing at 279.05 and 279.87, respectively.

Against Euro, the PKR lost 20 paise for buying and 11 paise for selling, closing at 327.60 and 330.62, respectively.

Against UAE Dirham, the PKR gained 6 paise for buying and 2 paise for selling, closing at 75.92 and 76.79, respectively.

Against Saudi Riyal, the PKR gained 1 paisa for buying and 3 paise for selling, closing at 74.32 and 75.05, respectively.

Open-market rates for dollar on Monday

BID Rs 279.05

OFFER Rs 279.87

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee continued to gain against the US dollar during trading in the inter-bank market on Friday.

At close, the local currency settled at 278.70, a gain of Re0.01 against the greenback.

On Thursday, the local unit closed at 278.71.

Meanwhile, the US dollar started Friday’s Asian session on a firm footing against most major currencies after renewed hostilities broke out between the US and Iran, while the Japanese yen ​held largely steady following fresh verbal jawboning from Tokyo.

The dollar index measured against key peers was a touch firmer at 98.235.

Sterling traded at $1.3555, headed for its first weekly loss since March, as ‌investors awaited ⁠local election results that could heap further political pressure on Prime Minister Keir Starmer.

The euro was steady at $1.1727, poised to end the week a touch firmer.

The Australian dollar fetched $0.72059, and the New Zealand kiwi changed hands at $0.59365, both on track to post a winning week on improved risk appetite in earlier days.

On the other hand, oil prices rose about 1% on Friday.

Brent crude futures were up $1.20, or 1.2%, at $101.26 a barrel as of 0356 GMT. West Texas Intermediate (WTI) US crude futures rose by 85 cents, or 0.9%, to $95.66 a barrel.

The benchmarks were up more than 3% at market open.

Inter-bank market rates for dollar on Friday

BID Rs 278.70

OFFER Rs 278.90

Open-market movement

In the open market, the PKR gained 4.00 paisa for buying and 5.00 paisa for selling against USD, closing at 279.14 and 279.93, respectively.

Against Euro, the PKR gained 24.00 paisa for buying and lost 8.00 paisa for selling, closing at 327.40 and 330.51, respectively.

Against UAE Dirham, the PKR gained 2.00 paisa for buying and 4.00 paisa for selling, closing at 75.98 and 76.81, respectively.

Against Saudi Riyal, the PKR lost 1.00 paisa for buying and 5.00 paisa for selling, closing at 74.33 and 75.08, respectively.

Open-market rates for dollar on Friday

BID Rs 279.14

OFFER Rs 279.93

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee strengthened against the US dollar during trading in the inter-bank market on Thursday.

At close, the local currency settled at 278.71, a gain of Re0.01 against the greenback.

On Wednesday, the local unit closed at 278.72.

Globally, the US dollar remained on the defensive on ​Thursday as hopes for a de-escalation in the Iran-US war supported oil-exposed currencies, while Tokyo ‌resumed its verbal intervention in support of the yen, keeping speculators cautious.

Iran said on Wednesday it was reviewing a US peace proposal that sources indicated would formally end the war but leave unresolved key US demands that Iran ​suspend its nuclear programme and reopen the Strait of Hormuz.

Analysts were worried that any agreement ​that did not open the vital waterway to shipping would likely see oil ⁠prices rise again, with Brent edging 0.8% higher in early trading.

Hopes for de-escalation had seen oil prices slide overnight, easing inflationary fears and pulling down Treasury ‌yields ⁠as markets pared back the risk of U.S. rate hikes.

That left the dollar index back at 97.950 and well short of last week’s top of 99.092.

The pullback in oil had boosted the euro, given the continent is far more reliant on imported oil than the United States, and it was ​0.1% firmer at $1.1757 having ​touched a two-week top ⁠of $1.1797 overnight.

Oil prices fell 3% on Thursday, bouncing off session lows in volatile trade but staying down about 3%, keeping Brent below $100 a barrel on hopes that a U.S.-Iran peace deal could bring a gradual reopening of the Strait of Hormuz.

Brent crude futures were down $3.21, or 3.17%, at $98.06 a barrel at 11:21 a.m. ET (1521 GMT). U.S. West Texas Intermediate declined $3.15, or around 3.31%, at $91.93.

Inter-bank market rates for dollar on Thursday

BID Rs 278.71

OFFER Rs 278.91

Open-market movement

In the open market, the PKR gained 2 paise for buying and remained unchanged for selling against USD, closing at 279.18 and 279.98, respectively.

Against Euro, the PKR lost 34 paise for buying and 21 paise for selling, closing at 327.64 and 330.43, respectively.

Against UAE Dirham, the PKR lost 13 paise for buying and 15 paise for selling, closing at 76.00 and 76.85, respectively.

Against Saudi Riyal, the PKR gained 13 paise for buying and 17 paise for selling, closing at 74.32 and 75.03, respectively.

Open-market rates for dollar on Thursday

BID Rs 279.18

OFFER Rs 279.98

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee strengthened against the US dollar, appreciating 0.01% in the inter-bank market on Wednesday.

At close, the local currency settled at 278.72, a gain of Rs0.03 against the greenback.

On Tuesday, the local unit closed at 278.75.

Moreover, the US dollar fell against most major currencies on Wednesday.

The Japanese yen strengthened sharply to a more than two-month high as markets braced for another intervention.

The euro stood at $1.1740 and sterling traded at $1.3594, both up roughly 0.4% so far on the day.

The Australian dollar fetched a four-year high of $0.7250, and the New Zealand dollar was up more than 1% at $0.5951, highest in nearly two months.

The dollar index fell nearly 0.3% to 98.026.

Oil prices extended declines on Wednesday, slumping to two-week lows after a Pakistani source said the United States and Iran were nearing an initial peace deal.

Brent crude futures fell $10.07, or 9.2%, to $99.80 a barrel by 1042 GMT, dropping below $100 for the first time since April 22. U.S. West Texas Intermediate lost $10.79, or 10.6%, to $91.48.

Both benchmarks were on track for their biggest daily declines in absolute terms in a month and hit their lowest in two weeks, having shed about 4% in the previous session.

Inter-bank market rates for dollar on Wednesday

BID Rs 278.72

OFFER Rs 278.92

Open-market movement

In the open market, the PKR lost 2 paise for buying and gained 4 paise for selling against USD, closing at 279.20 and 279.98, respectively.

Against Euro, the PKR lost 1.57 rupee for buying and 1.14 rupee for selling, closing at 327.30 and 330.22, respectively.

Against UAE Dirham, the PKR gained 13 paise for buying and 15 paise for selling, closing at 75.87 and 76.70, respectively.

Against Saudi Riyal, the PKR lost 16 paise for buying and 14 paise for selling, closing at 74.45 and 75.20, respectively.

Open-market rates for dollar on Wednesday

BID Rs 279.20

OFFER Rs 279.98

Rupee's Performance Against US Dollar Since 04 March 2025

The Pakistani rupee strengthened against the US dollar in the inter-bank market on Tuesday.

At close, the local currency settled at 278.75, a gain of Re0.01 against the greenback.

On Monday,the local unit closed at 278.76.

Pakistan’s trade deficit crossed $4 billion in April 2026, the highest in 46 months, amid an increase in imports, data released by the Pakistan Bureau of Statistics (PBS) showed. The country’s trade deficit stood at $4.07 billion in April, up nearly 4% against $3.92 billion recorded in the same period the previous year.

The SBP said the country’s financial system maintained steady performance and resilience during calendar year 2025, supported by improving macroeconomic conditions, stronger capital buffers and easing inflation.

In its annual Financial Stability Review 2025, the central bank said the financial sector expanded by 15.1% during the year, while financial depth, measured by the assets-to-GDP ratio, increased to 67.1%. It said risks to financial stability subsided during the year under review.

Globally, the yen was steady on Tuesday.

Fresh US and ​Iranian strikes in the Gulf on Monday rattled markets, severely testing a fragile truce and keeping investors edgy and risk appetite subdued.

That lifted the dollar, with the ​euro holding onto its overnight losses. It last fetched $1.1693, while Sterling was at $1.353.

The dollar index, which measures the U.S. currency against six units, was steady at 98.452 after rising 0.3% on Monday.

Oil prices fell about 3% on Tuesday with at least one vessel passing through the Strait ‌of Hormuz after the United States said the ceasefire with Iran remained in place despite exchanges of fire between the U.S. and Iran following a U.S. effort to reopen the strait for oil tankers and other ships.

Brent futures fell $3.43, or 3.0%, to $111.01 a barrel at 10:29 a.m. EDT (1429 GMT), while U.S. West Texas Intermediate (WTI) crude fell $4.55, or 4.3%, ​to $101.87. Earlier in the session, Brent was down over $4 and WTI was down over $6.

Inter-bank market rates for dollar on Tuesday

BID Rs 278.75

OFFER Rs 278.95

Open-market movement

In the open market, the PKR gained 15 paise for buying and 19 paise for selling against USD, closing at 279.18 and 280.02, respectively.

Against Euro, the PKR gained 85 paise for buying and selling, closing at 325.73 and 329.08, respectively.

Against UAE Dirham, the PKR gained 2 paise for buying and 1 paise for selling, closing at 76.00 and 76.85, respectively.

Against Saudi Riyal, the PKR gained 5 paise for buying and 1 paisa for selling, closing at 74.29 and 75.06, respectively.

Open-market rates for dollar on Tuesday

BID Rs 279.18

OFFER Rs 280.02