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
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