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 Thursday.
At close, the local currency settled at 278.77, a gain of Re0.03 against the greenback.
On Wednesday, the local unit closed at 278.80.
Meanwhile, the US dollar hovered near its highest in more than two weeks on Thursday.
The dollar index was steady at 98.852 following a 0.3% gain on Wednesday, hovering near the highest level since April 13.
The euro stood at $1.1689, and sterling traded at $1.34877, both up roughly 0.1% so far in Asia.
Global oil prices jumped to a four-year high of more than $126 a barrel on Thursday on concerns that the US-Iran war could worsen and lead to a protracted Middle East supply disruption that could hurt global economic growth, but later retreated.
Inter-bank market rates for dollar on Thursday
BID Rs 278.77
OFFER Rs 278.97
Open-market movement
In the open market, the PKR gained 4 paise for buying and 3 paise for selling against USD, closing at 279.23 and 280.05, respectively.
Against Euro, the PKR gained 51 paise for buying and 68 paise for selling, closing at 325.92 and 329.09, respectively.
Against UAE Dirham, the PKR remained unchanged for buying and lost 1 paisa for selling, closing at 76.07 and 76.89, respectively.
Against Saudi Riyal, the PKR lost 1 paisa for buying and gained 1 paisa for selling, closing at 74.37 and 75.08, respectively.
Open-market rates for dollar on Thursday
BID Rs 279.23
OFFER Rs 280.05
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