KARACHI: The rupee extended its upward momentum for another week, recording a marginal gain against the dollar, appreciating by Re0.10 or 0.04% in the inter-bank market.
The local unit closed at 280.52, against 280.62 it had closed the week earlier against the greenback, according to the State Bank of Pakistan (SBP).
Governor SBP Jameel Ahmad emphasised the urgent need for Pakistan to transition from short-lived stabilisation efforts to a durable, sustainable, and outward-looking growth model.
Speaking at the opening session of the Pakistan Business Council’s (PBC) ‘Dialogue on the Economy’ during the previous week, Ahmad highlighted that while Pakistan had repeatedly cycled through phases of growth followed by painful stabilisation, the moment presented a genuine opportunity for long-term transformation, provided policy continuity and private sector adaptability remain at the forefront.
The foreign exchange reserves held by the SBP increased by USD9 million on a weekly basis, reaching USD14.56 billion as of November 21, 2025.
According to the central bank, total liquid foreign reserves held by the country stood at USD19.60 billion, while net foreign reserves held by commercial banks were recorded at $5.04 billion.
Open-market rates
In the open market, the PKR gained 20 paise for buying and 9 paise for selling against USD, closing at 281.09 and 281.56, respectively.
Against Euro, the PKR lost 81 paise for buying and 1.01 rupee for selling, closing at 324.91 and 327.96, respectively.
Against UAE Dirham, the PKR lost 1 paisa for buying and gained 2 paise for selling, closing at 76.63 and 77.37, respectively.
Against Saudi Riyal, the PKR gained 3 paise for both buying and for selling, closing at 74.91 and 75.49, respectively.
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THE RUPEE
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Weekly inter-bank market rates for dollar
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Bid Close Rs. 280.52
Offer Close Rs. 280.72
Bid Open Rs. 280.62
Offer Open Rs. 280.82
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Weekly open-market rates for dollar
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Bid Close Rs. 281.09
Offer Close Rs. 281.56
Bid Open Rs. 281.29
Offer Open Rs. 281.65
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Copyright Business Recorder, 2025
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