Rupee's Performance Against US Dollar Since 04 March 2025
The Pakistani rupee registered marginal gain, appreciating 0.01% against the US dollar in the inter-bank market on Monday.
At close, the local currency settled at 278.82, a gain of Rs0.03 against the greenback.
On Friday, the local unit closed at 278.85.
Meanwhile, the State Bank of Pakistan (SBP) decided on Monday to increase the policy rate by 100 basis points (bps) to 11.50% in its third Monetary Policy Committee (MPC) meeting of 2026.
Moreover, the US dollar started Monday’s session on the front foot keeping the Japanese yen pinned near the crucial 160 level ahead of the Bank of Japan’s policy decision later in the week.
The euro eased 0.14% to $1.1706, while sterling bought $1.35155, down 0.12%.
The dollar index, which measures the US currency against six major peers, was at 98.623.
The dollar benefited in March from safe-haven flows as the war erupted but shed most of those gains on hopes of a peace deal this month. It steadied in recent days after US–Iran talks stalled.
Additionally, oil prices climbed about 2% to a two-week high on Monday as peace talks between the US and Iran stalled and shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight.
Brent futures rose $2.16, or 2.1%, to $107.49 a barrel at 10:01 a.m. EDT (1401 GMT), while US West Texas Intermediate (WTI) crude rose $1.32, or 1.4%, to $95.72.
Inter-bank market rates for dollar on Monday
BID Rs 278.82
OFFER Rs 279.02
Open-market movement
In the open market, the PKR gained 8 paise for both buying and selling against USD, closing at 279.27 and 280.09, respectively.
Against Euro, the PKR lost 1.12 rupee for buying and 1.05 rupee for selling, closing at 327.14 and 330.26, respectively.
Against UAE Dirham, the PKR lost 3 paise for buying and 1 paisa for selling, closing at 76.07 and 76.88, respectively.
Against Saudi Riyal, the PKR lost 3 paise for buying and 4 paise for selling, closing at 74.34 and 75.08, respectively.
Open-market rates for dollar on Monday
BID Rs 279.27
OFFER Rs 280.09
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