Rupee's Performance Against US Dollar Since 04 March 2025
The Pakistani rupee strengthened against the US dollar in the inter-bank market on Tuesday.
At close, the local currency settled at 278.75, a gain of Re0.01 against the greenback.
On Monday,the local unit closed at 278.76.
Pakistan’s trade deficit crossed $4 billion in April 2026, the highest in 46 months, amid an increase in imports, data released by the Pakistan Bureau of Statistics (PBS) showed. The country’s trade deficit stood at $4.07 billion in April, up nearly 4% against $3.92 billion recorded in the same period the previous year.
The SBP said the country’s financial system maintained steady performance and resilience during calendar year 2025, supported by improving macroeconomic conditions, stronger capital buffers and easing inflation.
In its annual Financial Stability Review 2025, the central bank said the financial sector expanded by 15.1% during the year, while financial depth, measured by the assets-to-GDP ratio, increased to 67.1%. It said risks to financial stability subsided during the year under review.
Globally, the yen was steady on Tuesday.
Fresh US and Iranian strikes in the Gulf on Monday rattled markets, severely testing a fragile truce and keeping investors edgy and risk appetite subdued.
That lifted the dollar, with the euro holding onto its overnight losses. It last fetched $1.1693, while Sterling was at $1.353.
The dollar index, which measures the U.S. currency against six units, was steady at 98.452 after rising 0.3% on Monday.
Oil prices fell about 3% on Tuesday with at least one vessel passing through the Strait of Hormuz after the United States said the ceasefire with Iran remained in place despite exchanges of fire between the U.S. and Iran following a U.S. effort to reopen the strait for oil tankers and other ships.
Brent futures fell $3.43, or 3.0%, to $111.01 a barrel at 10:29 a.m. EDT (1429 GMT), while U.S. West Texas Intermediate (WTI) crude fell $4.55, or 4.3%, to $101.87. Earlier in the session, Brent was down over $4 and WTI was down over $6.
Inter-bank market rates for dollar on Tuesday
BID Rs 278.75
OFFER Rs 278.95
Open-market movement
In the open market, the PKR gained 15 paise for buying and 19 paise for selling against USD, closing at 279.18 and 280.02, respectively.
Against Euro, the PKR gained 85 paise for buying and selling, closing at 325.73 and 329.08, respectively.
Against UAE Dirham, the PKR gained 2 paise for buying and 1 paise for selling, closing at 76.00 and 76.85, respectively.
Against Saudi Riyal, the PKR gained 5 paise for buying and 1 paisa for selling, closing at 74.29 and 75.06, respectively.
Open-market rates for dollar on Tuesday
BID Rs 279.18
OFFER Rs 280.02
Comments