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 279.16, a gain of Re0.01 against the greenback.
On Friday, the local unit closed at 279.17.
Meanwhile, the US dollar held broadly steady on Monday, poised for its strongest monthly gain since July as investors fret about the ramifications of a long war in the Middle East, denting the yen past the crucial 160 level and spurring intervention jitters.
The dollar index, which measures the US currency against six other units, was at 100.14 in early trading.
The euro fetched $1.1512, on course for 2.5% drop in March, its weakest monthly decline since July.
Sterling was at $1.32585, little changed on the day but set for a drop of 1.7% this month.
Separately, oil prices extended gains on Monday, with Brent headed for a record monthly rise, after Yemeni Houthis launched their first attacks on Israel over the weekend, widening the US-Israel war with Iran in the Middle East.
Oil prices extended gains on Monday, with Brent heading for a record monthly rise, after Yemeni Houthis launched their first attacks on Israel, widening the U.S.-Israel war against Iran.
Brent crude futures jumped $1.98, or 1.8%, to $114.55 a barrel by 1250 GMT after settling 4.2% higher on Friday. U.S. West Texas Intermediate was up $1.14, or 1.1%, at $100.78 after a 5.5% gain in the previous session.
Inter-bank market rates for dollar on Monday
BID Rs 279.16
OFFER Rs 279.36
Open-market movement
In the open market, the PKR gained 2 paise for buying and paisa for selling against USD, closing at 279.44 and 280.22, respectively.
Against Euro, the PKR gained 1.39 rupee for buying and 1.22 rupee for selling, closing at 320.01 and 323.63, respectively.
Against UAE Dirham, the PKR remained unchanged for buying and lost 1 paisa for selling, closing at 75.98 and 76.86, respectively.
Against Saudi Riyal, the PKR lost 3 paise for buying and 7 paise for selling, closing at 74.21 and 75.00, respectively.
Open-market rates for dollar on Monday
BID Rs 279.44
OFFER Rs 280.22
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