Rupee's Performance Against US Dollar Since 04 March 2025
The Pakistani rupee registered marginal gain against the US dollar in the inter-bank market on Monday.
At close, the local currency settled at 279.55, a gain of Re0.01 against the greenback.
On Friday, the local currency closed at 279.56 against the dollar.
Meanwhile, the dollar fell on Monday as traders took the US Supreme Court’s decision to strike down most of President Donald Trump’s tariffs as supportive for global growth, though confusion and risk of conflict in the Middle East kept moves relatively small.
The euro was up 0.4% to $1.1823, and sterling rose by a similar margin to $1.3521 early in Asian trade, which was lightened a little by a holiday in Japan and China’s Lunar New Year break.
The dollar fell 0.4% to 154.42 yen.
The Supreme Court found on Friday that Trump’s sweeping tariffs exceeded his authority. Trump has responded by lashing out at the court and imposing a blanket 15% levy on imports, as well as insisting that higher-tariff deals with trade partners should stay.
Oil prices, a key indicator of currency parity, reached a six-month high on Monday as the US and Iran prepared for a third round of nuclear talks while increased economic uncertainty was also in focus after the latest US tariff upheaval.
Brent crude futures were up 62 cents or nearly 0.9% at $72.38 a barrel, a fresh six-month high, by 1432 GMT while US West Texas Intermediate crude gained 69 cents or 1% to $67.17.
Inter-bank market rates for dollar on Monday
BID Rs 279.55
OFFER Rs 279.75
Open-market movement
In the open market, the PKR gained 1 paisa for buying and remained unchanged for selling against USD, closing at 280.03 and 280.62, respectively.
Against Euro, the PKR lost 1.53 rupee for buying and 1.42 rupee for selling, closing at 330.48 and 333.32, respectively.
Against UAE Dirham, the PKR gained 2 paise for buying and 3 paise for selling, closing at 76.43 and 77.16, respectively.
Against Saudi Riyal, the PKR gained 1 paisa for buying and lost 1 paisa for selling, closing at 74.74 and 75.35, respectively.
Open-market rates for dollar on Monday
BID Rs 280.03
OFFER Rs 280.62
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