Rupee's Performance Against US Dollar Since 04 March 2025
The Pakistani rupee registered marginal gain, appreciating 0.01 against the US dollar in the inter-bank market on Friday.
At close, the local currency settled at 279.17, a gain of Re0.03, against the greenback.
On Thursday, the local unit closed at 279.20.
Moreover, the dollar pushed higher toward multi-month peaks on Friday as investors sought safety in the shadow of an intensifying Middle East war and mounting doubts over any path to de-escalation.
The yen, on the other hand, was left on the cusp of 160 per dollar and stood at 159.61, while the euro was off a touch 0.03% at $1.1525. Sterling eased 0.05% to $1.3325.
Against a basket of currencies, the dollar was marginally higher at 99.93, though it was on track for a 2.3% rise this month, which would mark its biggest gain since July last year.
Oil prices rose on Friday but were set for their first weekly decline since February 9 as US President Donald Trump extended a pause in attacks on Iran’s energy plants, though investors remain cagey about prospects for ceasefire in the month-old war.
Brent crude futures rose by $2.85, or 2.64%, to $110.86 a barrel by 1322 GMT. U.S. West Texas Intermediate futures were up $2.53, or 2.68%, at $97.01.
Inter-bank market rates for dollar on Friday
BID Rs 279.17
OFFER Rs 279.37
Open-market movement
In the open market, the PKR gained 3 paise for buying and 4 paise for selling against USD, closing at 279.46 and 280.23, respectively.
Against Euro, the PKR gained 69 paise for buying and 70 paise for selling, closing at 321.40 and 324.85, respectively.
Against UAE Dirham, the PKR lost 2 paise for buying and 3 paise for selling, closing at 75.98 and 76.85, respectively.
Against Saudi Riyal, the PKR lost 7 paise for buying and 2 paise for selling, closing at 74.18 and 74.93, respectively.
Open-market rates for dollar on Friday
BID Rs 279.46
OFFER Rs 280.23
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