Pakistan rupee registers gain against US dollar
- Currency settles at 277.32 against greenback
The Pakistani rupee gained marginally against the US dollar on Friday, closing at 277.32, while the US dollar strengthened internationally amid Middle East energy concerns.
- Pakistani rupee's marginal gains against the US dollar.
- International US dollar strength and global market impacts.
- Open-market currency exchange rates.
The Pakistani rupee extended its marginal gains, appreciating 0.01%, against the US dollar in the interbank market on Friday.
The local unit closed the day at 277.32, a gain of Re0.03 against the greenback.
On Thursday, the Pakistani rupee settled at 277.35 against the dollar.
Also read: Rupee to hold at Rs278/USD in 2026 as Pakistan’s FX buffers improve: BMI
Internationally, the US dollar held near its highest-levels of the past week and the yen slipped for a second day at the start of Asian trading on Friday as renewed fears of energy supply disruptions in the Middle East pushed up bond yields and oil prices.
The US dollar index, which measures the greenback’s strength against a basket of six currencies, was trading at 99.081, holding steady after gaining 0.3% on Thursday to reach its highest level since September 7.
The rise followed the release of data showing US producer prices increased 0.4% in August, meeting market expectations as energy prices rebounded during the month.
Oil prices, a key indicator of currency parity, fell on Friday but remained on course for a weekly gain of more than 8% while US diesel prices hit a record high as attacks along Middle East shipping routes stoked concerns about prolonged supply disruptions.
Brent crude futures were down $3.28, or 3.05%, to $104.35 a barrel at 1309 GMT.
Inter-bank market rates for dollar on Friday
BID Rs 277.32
OFFER Rs 277.52
Open-market movement
In the open market, the PKR gained 2 paise for buying and 3 paise for selling against USD, closing at 278.22 and 279.05, respectively.
Against Euro, the PKR gained 75 paise for buying and 71 paise for selling, closing at 322.11 and 325.04, respectively.
Against UAE Dirham, the PKR gained 1 paisa for buying and lost 2 paise for selling, closing at 75.66 and 76.28, respectively.
Against Saudi Riyal, the PKR lost 2 paise for buying and 1 paisa for selling, closing at 73.96 and 74.48, respectively.
Open-market rates for dollar on Friday
BID Rs 278.22
OFFER Rs 279.05
Comments