Rupee's Performance Against US Dollar Since 04 March 2025
The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Thursday.
At close, the local currency settled at 278.55, a gain of Re0.01 against the greenback.
On Wednesday, the local unit closed at 278.56.
Moreover, the US dollar hovered below a six-week peak on Thursday after pulling back on rising hopes that Washington was nearing a deal with Tehran to end the war in the Middle East.
The dollar, a traditional safe haven, was down slightly at 158.87 yen in early Thursday trading after falling for the first time in eight sessions against the yen the day before. That pulls it further away from the 160 level viewed as a potential trigger for official currency intervention.
Oil prices jumped on Thursday after Reuters later reported that Iran’s Supreme Leader had issued a directive that the country’s near weapons-grade uranium should not be sent abroad.
The report, which cited two senior Iranian sources, signalled that Tehran was hardening its stance on one of the main US demands. Ayatollah Mojtaba Khamenei’s order could further frustrate US President Donald Trump and complicate talks on ending the US Israeli war on Iran.
Brent crude futures gained $3.51, or 3.3%, to $108.53 a barrel by 1330 GMT, and U.S. West Texas Intermediate futures rose $3.67, or 3.7%, to $101.93.
Inter-bank market rates for dollar on Thursday
BID Rs 278.55
OFFER Rs 278.75
Open-market movement
In the open market, the PKR remained unchanged for buying and gained 4 paise for selling against USD, closing at 278.88 and 279.63, respectively.
Against Euro, the PKR lost 21 paise for buying and 5 paise for selling, closing at 322.88 and 326.12, respectively.
Against UAE Dirham, the PKR gained 4 paise for buying and 3 paise for selling, closing at 75.78 and 76.60, respectively.
Against Saudi Riyal, the PKR gained 12 paise for buying and 6 paise for selling, closing at 73.96 and 74.77, respectively.
Open-market rates for dollar on Thursday
BID Rs 278.88
OFFER Rs 279.63
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