Rupee's Performance Against US Dollar Since 04 March 2025
The Pakistani rupee registered marginal gain against the US dollar, appreciating 0.01% in the inter-bank market on Tuesday.
At close, the local currency settled at 279.52, a gain of Rs 0.03 against the greenback.
On Monday, the local currency closed at 279.55 against the dollar, according to the State Bank of Pakistan (SBP).
Meanwhile, the yen weakened on Tuesday as markets weighed the fallout on global trade from renewed turbulence over US President Donald Trump’s tariff regime.
The dollar index, which measures the greenback against a basket of currencies, rallied 0.2% to 97.90.
The euro slid 0.14% at $1.1768, while the yen sank 0.4% to 155.27 per dollar.
Sterling fell 0.08% to $1.3478.
The greenback clawed back losses as China and Japan reopened following holidays, and Trump warned countries against retreating from recent trade deals after the Supreme Court struck down his emergency tariffs.
The yen dipped after China announced export controls on Japanese companies in a further sign of souring relations.
Moreover, oil prices were little changed near a seven-month high on Tuesday as traders waited for news from nuclear talks between the US and Iran.
Brent futures fell 25 cents, or 0.4%, to $71.24 a barrel at 10:41 a.m. EST (1541 GMT), while US West Texas Intermediate crude fell 25 cents, or 0.4%, to $66.06.
Inter-bank market rates for dollar on Tuesday
BID Rs 279.52
OFFER Rs 279.72
Open-market movement
In the open market, the PKR gained 5 paise for buying and selling against USD, closing at 279.98 and 280.57, respectively.
Against Euro, the PKR gained 1.11 rupee for buying and 97 paise for selling, closing at 329.37 and 332.35, respectively.
Against UAE Dirham, the PKR gained 2 paise for buying and lost 1 paisa for selling, closing at 76.41 and 77.17, respectively.
Against Saudi Riyal, the PKR lost 1 paisa for buying and 2 paise for selling, closing at 74.75 and 75.37, respectively.
Open-market rates for dollar on Tuesday
BID Rs 279.98
OFFER Rs 280.57
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